My other holding is Adavale Resources. Drilling commenced...

My other holding is Adavale Resources. Drilling commenced Tuesday 22 June 2021. Small MC, low SOI (~280m). If the drill targets are hit Adavale will outperform EXR in the short term I believe. Summary below (credit to @gift )

•Market cap only 20M
•Less than 290 Million SOI (hence the movement of the SP, but once we see the drill results will be hard to get in.)
•No debt, 1.8M in the kitty
•Drilling spinning by the end of June (Drilling commenced 22 June 2021)
•Acquired, 1145m2, excluding the pending Ruiza application. (Licence granted 01/06/2021)
•Acquired BHP's data, saving us millions & years of time.
•Have a quality management team in place including experienced add on’s, Nickel specialists Dave Dodd, Gavin Selfe & Steven Burke Steven Burke.
•Exercisable options on the 10 day Vwap 0.12c adding an additional $1M.
•A team with 30 years in country experience.
•Management being paid in shares. (anyone heard of any other company’s doing this to save on capital costs?)
•Management buying on Market.
•Management incentives @ 10c SP
•Ausbil a Billion $ fund participated at the last raise@4C
•RAAR capital top 20, Alan Ritchie our CEO is the CEO of Raar.
•Peter Proksa Top 20.

This one will set me up, EXR will be the 6 foot icing on the cake. Billion dollar potential. Hopefully will see MC of $250m by then end of the year.