Yes, it totally feels that way to me:Tier 1 resource. To...

Yes, it totally feels that way to me:

• Tier 1 resource. To complete the picture below, BCN (Bacanora) was acquired by Ganfeng for ~ GBP 284m. which was USD 391m at the time.

• Tier 1 jurisdiction - USA - where they are investing in a local supply chain as a matter of national interest.
• Tier 1 talent - senior exec from mineral resources in lithium - someone of this calibre ought to have done significant DD before taking on a directorship, and may attract connections to investors and others with skills and experience that can help execute the project:

It's $113m market cap with comparables at ~$500m or more. It doesn't make sense. Only weakness of the project that I can see is that the grade is a bit mediocre but it's not terrible.

There is a potential trigger for re-rating coming up as well. The spin-off of Dynamic Metals and transition to a US pure-play is not just an opportunity for them to refresh management and leadership but also attract new investors.