ASN Market Cap too High

I’m concerned that ASN market cap is too high. Being years away from production, I’m not sure if I should put my $5 into this stock.

Must mum and dad investors on here have probably put in their life savings of $100 and hate it when people post ABOUT THE IMPORTANT STUFF LIKE ALWAYS seek professional advice before putting in your life savings of $100 into a micro cap like this stock.

With a 2 year construction time frame for phase 1 and still no clear funding on the table, it could be 3-4 + years away from production.

a lot could happen in that time frame that could hinder progress.

another concern of mine is the shares on issue. Billions could be on the register in no time.

is this stock classified as a penny dreadful?

Would my $5 be safe invested here? Can someone please guide me? Seems like a lot of mum and dad investors on here that have invested their life savings of $100.

or another strategy I could take that I know one or two sophisticated $100 investors on here have taken is invest in companies like GGE that are priced at 1c. It would surely make my portfolio look good holding $5 worth of shares worth 1c.

Think sevvy invests in 1c companies, can you elaborate more on your strategy please? Does it make your $100 investment look a lot more in your portfolio?


thanks in advance