Market Cap currently $10m (price 3c) Cash currently $5m
Largest share holder is RCF; a $2B mining fund; others HNI in Perth mining scene
Management 100 years experience including founders of Oxiana; Pan Aust; Heron Resources; all mining people
Top 20 control 60% of the stock and all long term holders
Main asset the Admiral Bay Zinc Project Australia's largest JORC resource of Zinc; a development project
Secondary asset is new Pilgangoora Lithium Project in Pilbara; adjacent to Pilbara minerals( ASXLS)one of the worlds largest lithium assets; an exploration project
PLS went from $20m to $250m on discovery/development of their project in 12 months
MCT projects are fully funded and an equivalent Lithium discovery could push price from 3c to at least 30c; possibly 70c if lithium market remains hot
Even a smaller play like Altura has an MC of over $50m
This attributes no value to Admiral Bay which when, not if, the zinc market recovers; could make it a $1 stock; Admiral Bay is without doubt world class tier 1 asset
Also has the Fraser Range (Albany) in play as well.
TA is a breakout from a double top formation on volume.
LS)one of the worlds largest lithium assets; an exploration project
