' The Road to 20 ', page-345

Just to break the ' relativity's ' down into their simplest form.....and granted the Market ascribes value at many different intervals and not always consistently or in equal or proportional amounts. But their ought to be some correlations which can be drawn when comparing similar companies in similar industries. Anywhoo if we examine AJM & PLS using the $700 per tonne contained Li20 EV calc's used back in 2016 we find that AJM's relative MC has increased 3.91 times since 2016, PLS 2.70 times....and SYA ONLY 1.6 %.....That's right folks not even 1 times. Following the acquisition we should have been valued at 62 million ....but since then we have doubled our defined resources , that would put us at 124 million. You could attempt to argue that we are in fact up 5.3 times....but that would assume we must have known the resources would double up from time of acquisition ......plus we are now 15 months down the appraisal process and 15 months nearer to the development phase ....and clearly these milestones are discounted into an SP on a forward looking basis.....so therefore strongly believe this ' Re-rate ' process will push the SP up the MC valuation another 60 million ....and very quickly putting us at 12.50 cents. IMO there will be some sort of strategic stake / placement before or just after this movement. Pretty hard to work out the Psychology of a Major / Institutional shareholder (s) ....but would expect something to emerge very soon IMO.