I'm not going to dwell too much on the table, this is the MAN...

I'm not going to dwell too much on the table, this is the MAN thread after all. Anyone not wanting to read up ramping down ramping drivel just skip it. You'll be doing yourself a favour ..... OK, anyone who wants to read this is only here because they want to read it. So lets go.

1) How DARE you miss off PUR - what are you thinking MAN? The PURists are knickerwetting over this omission, what about Phil's Hill?
2) Comparing project area & market cap is a bit like comparing penis size with the number of children someone has. No relationship, if penis size was a selection criteria in reproduction everyone would have such fine specimens as my own. Lets scrap that column, don't be a size queen.
3) Some spout "Tim Goyder is chairman so company Y will find something because company X did and he's a chairman of company X". What absolute nonsense. Goyder's been chairman of DEV for 20 years and its achieved nothing. Goyder doesn't put minerals on a tenement, luck does. Forget the jockey, its the horse that wins the race.
4) The table has companies across the entire discovery range - from "waiting on tenement grant" to "feasibility drill-out".
5) CHN - people think its found something and will find a lot more, but head grade doesn't = concentrate grade & recovery, the market is marking it down because there's mumbles across Perth that metallurgy is problematic. Yes they'll get it out, what cost? Will CHN be worth $3 in a year - it all depends on the State Forest access and metallurgy.
6) CPN - yes it seems over priced but it might go higher on results. If I say more I'm shooting myself in the foot because I hold. Its already drilled massive Ni-Cu-PGE sulphides but does it join up, is there continuity in the 1.5km gap ... ssshhhhhh..... don't upset the kids. Of course it does!
7) DEV - why value based on $/km2 Julimar when its got better projects elsewhere? Hold for a crisis in the uranium supply + anything else is a bonus. But its got that Goyder magic dust sprinkled on it, it must be a winner.
8) ENX - they just pegged anything that wasn't pegged. I'm sure the WA government appreciates the tenement rents, and the shareholders love the tenement size "they've got to find something, they've got so much ground".
9) LSA - purely tagging along behind LTR that's tagging Goyder that's tagging CHN. They have nothing outside the Moora region, and once LTR IPO the JV I don't see the value in this shell.
10) LTR - roll its out in a $25 to $50 million market cap IPO with LSA and lets go for it. LTR is a $5 billion market cap company but its nothing to do with Ni-Cu-PGE.
11) MAN - oh MAN!!! Its the most compelling target, but so many vested & conflicting interests. From directors with vast amount of shares at 3 cents to mums & dads who got lucky at 2 cents and want to buy a new caravan to go touring once they get the covid vaccines.
12) OAR - their best 3 or 4 geophysical targets cover Upper Swan / Bullsbrook retirement blocks and a vinyard / cellardoor winebar. Good luck boys.
13) TRT - can only drill a small strike length of east and west BV anomalies due to access issues. Immature in its corporate communications, needs to grow a pair and focus on other projects that will give better return until they can REALLY access BV.

Believe it or not, people running these companies aren't passionate about finding stuff, they're passionate about personal wealth. They get an alpha return (their incomes) which is guaranteed and they do well off this, and a beta (return on shares and options) which is based on luck and a bit of judgement. Shareholders only get a beta (return on shares). This puts shareholders and management in conflict. Don't trust management, trust the project.