The good thing about this co, is they actually stay focussed on task at hand with the graphite and are quietly working under the radar with the REEs, they could have gone for a sp quickfix by acquiring a Uranium project like a few other tickers or chase lithium for the next lithium wave like many small cap gold/copper explorers have done, but would only drag things out longer and won't be better of longterm imo.
There are far too many tickers with lithium interest on the ASX and while Uranium is loved by the investor community, many of those stocks will have trouble getting approval to mine uranium due to health and environmental risks, with uranium mining illegal in most Aussie states and the aboriginal communities are mostly against it, making it a more dangerous commodity to longterm hold in hope of seeing production I believe.
Best for ITM to stick with the hated commodity and graphite has never seen the same level of interest as lithium with only SYR, RNU, NVX and TLG reaching 500m+ at some point.
The cashburn is also pretty slow here, the last CR was at the backend of 2022, at this rate it doesn't look like they are getting highly diluted.
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