Chart, page-561

@kyngdominion, I'm in with an initial DEV position at 30 cents.

I like what I see here:

• There is significant untapped potential in the Lachlan Fold Belt, with DevEx extremely well positioned with 600km+ of ground
• Potential for a major discovery at Basin Creek and Junee with drilling underway
• Extremely motivated team with skin in the game. The best of the bunch is Chairman Tim Goyder, who is also the largest shareholder with 22% of all shares on issue
• With a market cap of circa $80M and $6M cash, I think the potential share price upside here is significant
• Drilling also scheduled for Wilga Downs in late Nov/Dec 2020 and Julimar Complex (WA) in Dec/Jan 2021 -- we have a pipeline of newsflow

I like the risk/reward balance here enough for DEV to take a small spot in my portfolio.

My target price is $1 within 6 months.

T.E.P.