Take a contrarian view. This stock was pumped to oblivion and...

Take a contrarian view.

This stock was pumped to oblivion and bought heavily by Minres on-market who at the time were heavily investing in the WA Lithium junior space. This was / is the catalyst for SP growth post IPO on nothing but promise and well wishes.

With a declining sentiment in the Lithium space and a massive tenement package which was obviously going to take time and money to drill out and better understand the pegmatite systems they hold, to have a valuation $50m-$60m+ AUD was absurd.

There is nothing wrong with co. except the hype and valuation that it attained leading into and post IPO.

With WestGold, MinRes and Kalamazoo holding circa 52% in the stock, there are good opportunities to fund exploration and work in JV as they will with SQM for their Pilbara project.

They will have the opportunity to drill over 50,000m should they see fit before going back to market for funding. In terms of Australian Lithium explorers given the current valuation, cash on hand and shareholder/JV backing its hard to mount a case they aren't a great low risk / high reward play.

I have exposure to co through Kalamazoo