They should just announce some rock chips or find 2m thickness @ 1000ppm from 80m's deep and we'll 50-100m MC in no time.
Eventually the market catches to good value propositions - which is frustrating as it has been for me as well. With the met work we'll know a little more about prospectiveness for economic extraction. The exploration target provides at least some certainty of a viable resource size and the implicit depth/thickness to which it will be mind.
On the basis of that alone i think the MC is excellent. The graphite aspect which is mainly now a rejig/re-optimisation based on new technology is a company maker in itself as well. Plenty of graphite explorers out there with equal MC's. ITM again de-risked via a processing and mining licence and met work already proven. Not just drilling and hoping for something to come back.
SF2TH
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