STTCOMP RBX FA LONG
- Freshly listed VHMS / REE explorer both in VIC
- Market Cap - $8m
- Cash in Hand - $4.8m (30 Sept)
- Shares on Issue - 40m
A recent 20c IPO from July where the project vendor became a substantial holder, delays in the geophysics survey meant the share price lagged under the IPO price and maiden drilling on the previously untested targets of the Black Range project was pushed out 5 months.... until now. Company to announce drilling very soon after a massive amount of background work was done, identifying new targets.
The project is within the well-know and highly prospective Mt Stavely Volcanic complex in South West Vic. Drill targets have been identified hidden below shallow transported cover (previously not seen or explored). The commencement of drilling is going to be catalyst for buying and given the potential of the project itself coupled with the low shares on issue and then the cash in bank of almost $5m, this has the potential to re-rate even before any drill results are announced, with not much to hold it back.
Company also has REE interests but early stage so not a catalyst for STT.
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