Today’s announcement upwards of $3m could flow in from options from last raise. 1.2c conversion. Given the capital structure I bet most of the T 20 own these and they are definitely worth converting early.
Going by peer market caps $200m mc is realistically achieved with a successful discovery leading to mining could see 15-20c plus if we get very lucky over time.
All in my opinion.
Enova Mining - Charting/TA Thead - 3c target then 6.3c, page-10
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