Hi Baku, you are mistaken on it being the largest resource in...

Hi Baku, you are mistaken on it being the largest resource in the Western world (it's not even the biggest in Australia) but yes the market doesn't appear to place much value on it as you say.

Will be interesting to see if the cash backing acts as support, I have seen some trader posting that it can only go up from that. Unfortunately that's not always the case. But I guess people may enter hoping that's the case which is why I added it to my chart a few months ago as a hoped for support line given the lack of any other technical support levels till a fair bit lower.

All the best.