Looks extremely likely that the bottom is in on BMO. Drilling and exploration season is about to kick off in Canada so expect there to be a constant stream of news flow as these guys make progress on the newly acquired Lithium ground.
Very encouraging to see geologist Murray Brooker on board as a consultant having worked with Alkem who should steer these guys in the right direction. The fact that we have a 6km long greenstone belt to explore and are in close proximity to GT1 represents an extremely compelling opportunity at the current market cap.
Expecting a significant re-rating here as Orix carries out the fieldwork and mapping and sampling. Watch out if the GT1 pegmatites are confirmed to run into BMO optioned properties as this will send the share price up by multiples very quickly.
Currently way too cheap for the risk vs reward going into a period of strong newsflow.
BMO Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
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