The only asset Marenica owned during the last peak was the...

The only asset Marenica owned during the last peak was the Marenica Uranium Deposit. So yes there might have been substantial dilution since then, but it wasn't for nothing, Murray was able to capitalize on the bear market and pick up assets at rock bottom prices, develop the U-pgrade technology and amass a Namib land package that most companies would be highly envious of.

I have no illusions of EL8 getting close to the ATH SP of the last bull market, too much dilution has occurred for that to be a possibility. But to compare the mcap of Elevate currently with the previous market peak of Marenica is very unfair on the company, because they have completely different portfolios of assets and exploration potential. Not to mention a decade of inflation and how much more money there is in the investment world now.