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.
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