Cheapest U play on ASX, page-35

theres nothing wrong with waiting for a de-risk drill, while that can come at a higher price, it does set the momentum for where the stock can go.

The only issue, is if the MC has ballooned too far with risk still on, then even if the drill validates, can see a sell on news event. Worst case is a drill failure, then the higher the risk on MC, the harder you fall.

Its a question then, what is more risky V MC you are paying entry.
I88 = A drill into soil ? or C29= a twin drill next to existing historic.

For me its a no brainer. The historic wins every day of the week. Because it was there, and hasnt just grown legs and ran away. It was there for hundreds of millions of years etc.

BTW, made a mistake with MC comparison in above post.
I88 has 61m FP and trading at 43c = 26m mc
C29 has 140m FP at 11m mc.