Calm before the storm., page-582

Nearest company to us on the asx (type of project wise) would be FEL imo.

Their MC is ~$26.5 mil with $1mil cash.

Whereas we are ~$14mil with ~$2mil cash.

Both are waiting for initial cobalt drilling results in the DRC, based on that I cant see why we can't increase to at least 4c prior to results which would leave us with a MC of $20.44 mil.

Then again results could come tomorrow morning and we wouldn't have the opportunity to rise, just shows how ridiculously undervalued we were prior to recent rebound.