I'll answer for him, their is no catalyst for a $10 at this...

I'll answer for him, their is no catalyst for a $10 at this stage, silly question to us if you understand the even most basic valuation metric. He is simply high-lighting how undervalued he believes is and is over exaggerating the valuation.

@Aircore summarize it short and sweet, in a few months, once the MRE is out, we'll all a bankable resource to start throwing valuation numbers at. Or even better, just wait a little while for the scoping study and see some real numbers!

Successful prospects replicate other successful prospects and we are El Zorro is one of a only a handful that are listed on the ASX and easily by far the cheapest too. The only advantage the others have over us is that they have somewhat of a base resource to evaluate, we will have ours in a few months. I hope it's as big as it can be.