SOI: 116 mil
Sp: 10c
Mc: $11.6 mil
Cash: $430k plus $700k recent raise
Walkabout Resources is a Graphite exploration and development company with its flagship Lindi Jumbo graphite project in Tanzania.
Has been on my watchlist for a while and todays DFS announcement gives compelling risk/reward scenario compared to peers. Not sure if I'm missing something or the market misses something but looks very under valued. The least I can expect is a double in sp in the short term. Here's a snippet of peer comparisons from their earlier scoping study. They have now a DFS under their belt so things are moving forward.
Massively favourable financial metrics compared to the other higher priced hopefuls. Highest grade, highest recovery and lowest capex and opex - what's there not to like?
