Joe not sure how some are working this out, the other posters...

Joe not sure how some are working this out, the other posters was talking about 3 mill shares??

The Woomera market cap is just under $20 mill
Now on 3 South Oz tenements the Oz Minerals JV values those 3 at $10 mill.

And there are 16 more tenements,
the lithium tenements could be worth nothing or a hell of a lot.
Look at the market caps of GXY and PLS,
AJM and others for that matter,

If anyone looks at where the 3 hard rock tnements are in the Pilbara and 2 at MtCatlin/Yilgarn and the results of immediate neighbors with both lithium and now gold they would be pretty unlucky to not find anything.
I know a fair bit about the lithium companies,

Look at PLS and GXY announcement to see the huge off take agreements in place from China, and some of the others around that immediate area.
There is great demand and some off take agreements are for decades.

In 10 years we will see very few petrol/diesel engines, even now the US are targeting electric planes.

https://www.google.com.au/url?sa=t&...e/index.html&usg=AOvVaw048-jkuOkFIOLpg6s8Guth

https://www.google.com.au/url?sa=t&...8079841.html&usg=AOvVaw01zMDWoz0LFCpwRfEg4_B5

imagine the demand increasing then.
the liquid ground is in prime position.
the lakes also have huge potential.

19 tenements so far and with money coming in from Oz Minerals they could pick up more ground.
The model of being free carried on exploration is a sound move seeing they can then pick up other projects with little risk on ones they JV with.