didn't take long :) Lacroma might be good afterall. p.s...

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setfire2thehive

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12523

18/05/23

15:45

Post #: 67846888
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Originally posted by setfire2thehive: ↑

Market is just sleeping on ITM because they don't have the JORC so it's probably not on many radars doing resource size comparisons.

Little do they know Lacroma is being flagged similar in size as sugarloaf. Sugarloaf is 150-205mT...

This program should hopefully validate that size, but more likely a smaller portion will be drilled to right confidence level. maybe 30-50mT of the better stuff.

Then ITM will have 40-50mT between lacroma and campoona confirmed as battery grade amenable. Campoona proven for spherical. The upside at that point is knowing there's more at lacroma still and another 200mT at sugarloaf having the code cracked in the background.

Permitting already advanced at campoona and study to occur shortly afterwards.

Hard to paint that company at a 20M EV when RNU down the road at 520M. Yes there will be a long road of development to get to where they are at but 26 times upside doesn't sound too bad - so the longer the market keeps that discrepancy present the lower the residual risk and the more rapid the re-rate. Once stock is locked up - won't be easy to grab.

I don't think 75-100m MC is unreasonable if the lacroma drills hit what we expect. 30-50mT at good grade amenable for battery material but without the SS published... 1/5 to 1/7th their MC would not seem an unreasonable proxy of value. Given most savvy investors could run a desktop feasibility and get a first principal guage. I'm also an advocate for saying RNU itself is undervalued - and coming onto my radar for buying via the Superfund.

Lacroma drill results 10,000m of them starting imminently and then occurring over the next 6 months.

Can't wait. greenfields exploration but with very high confidence of hitting decent stuff given the historical drill results and the proof of concept from the success they had mapping sugarloaf with the EM survey and then nailing the cores even if only a dozen holes. Got a lot more here and more knowledge of what the EM surveys suggest. Pretty certain Mike in one of the videos said they hit graphite in their first hole of the first traverse.

SF2TH

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didn't take long

Lacroma might be good afterall. p.s lots of graphite plays up big today on no news.

SF2TH

ITM Price at posting: 25.5¢ Sentiment: None Disclosure: Held
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didn&apos;t take long :) Lacroma might be good afterall. p.s...

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didn't take long :) Lacroma might be good afterall. p.s...