I think a lot will be revealed in 3-4 months.At a base level we...

I think a lot will be revealed in 3-4 months.

At a base level we have the advanced graphite project, that sounds like it is progressing well. All forecasts I see for spherical graphite are very strong and the world is trying to diversify supply chains away from China where all the current supply is. Sounds like management are going to look to expand the resource with some more drilling in areas where graphite compatibtle to battery anodes has been found previously but only limited exploration done. If we can expand the resource that could be massive when you look at nearby renascor with a market cap >$500m. We already have a project that should be very economic in such a growth mkt.

Then we have the kaolin/REE opportunities. Initial results suggest there is potential for widespread clay based REE’s at/near surface right throughout ITM’s eyre peninsula tenements. As we get results from the remaining drilling (imminent), this should be clearer. There is then work to be done on the process to separate the REE/kaolin. Looking at another IAC REE who is more developed IXR has a market cap >$250m, but they are in Africa.

So some interesting projects ITM have, especially when you consider where they are located, right near major infrastructure (power, water, ports) and in renewable rich South Australia perfect for creating sustainable supply chains.

So is approx $65m market cap cheap/expensive, I will let you be the judge, but should be a lot clearer in the following months.