I agree with your general sentiment Crackpot ! The transition from a downstream processor (Which is what the company has the experience in) into a vertically integrated Miner + Processor certainly adds a layer of risk to the company profile.
But that is just the reality of the entire EV supply chain. It wont be too long and Car Manufacturers will be buying mining companies not because they have any experience or want the extra risk, it is to secure supply of the materials necessary and to keep costs of that feedstock to as low as possible. Unfortunate maybe, but 100% necessary over the coming decade !
I look forward to the company progressing and if all things line up with the drilling campaign and downstream pilot testwork, a significant re-rate will take place !
All the best mate !
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