Thanks mate. 1. 28.5m MC 26.3m cash = 2.2m EV @ 3.8c 2. BHP...

Thanks mate.


1. 28.5m MC 26.3m cash = 2.2m EV @ 3.8c
2. BHP Agreement pretty much funding G&A and drilling Rana for 7.7musd for 4 years. Add term deposits circa 1m+ annually.
3. Way Lingo 2% Net Smelter royalty on potential 20koz pa.
4. Penikat permit, hopeless slow, and painful, but the jewel of the crown, nears final decision end of Q2 25. Setting up Q4 drilling ?
MSA has put put a long call for Palladium/Platinum, says the cycle low is in, and they rise LT.
5. Acquisition on the horizon with a sold team.

This stock has underperformed. But watching Fabian on Crux, he seems to have finally understood what he is meant to do to drive shareholder returns.

Finally cautiously optimistic on the outlook, hard not to be at 2m EV and no G&A required.