Guess it depends whether you want to buy or sell.
Certainly looks like a historical buying zone/bottom.
20M EV stock with probably one of the largest graphite deposits in Australia and stage 2 met work already proven on a portion of it and stage 1 on lacroma.
Fast forward 6 months we've increase the JORC resources we have and got confirmation of stge 2 met work on all of it. All for 20M EV right now. RNU up the road at 500M MC shows the upside as we move prove the scale is there and confirm the met work. Shortly afterwards the feasibility will rubber stamp the economic viability.
Increasing resource to 40-50mt total will move it's EV/t down to 1/5th of other JORC resource graphite companies. Can't see a 20M EV stock in 12months. Even if it's halve as profitable as RNU that's a 250M MC using a linearly extrapolated approach. 50-100M would see very viable/fair which is 50c-$1.
Looks good.
SF2TH
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