RE: Most comparable stock24 Apr 2023 08:10
Maj, your 'carrot' dangling may not be the 'carrot' that you think we are waiting for.
The cash may excite the outside investors, nobody can predict.
For us here the cash is only a big factor in moving forward.
That cash enables mass drilling to be unleashed. If we just slightly more than double our existing lithium resource, we effectively are back to where we were in the amount we own, but with debt free production in under 14 months, that alone is massive.
We are hoping for more than double the resource, we are hoping multiples but just over double would be enough.
The cash in the parent company, Kodal, enables us to take, debt free, our first goldfield to maiden value, whatever that value is, is nothing but extra here
Hainan were talking about considering going in on another deal with us, we do not know what that is, but if it was that gold field then we receive another cheque for a JV
So it depends which 'carrot' you see as the biggest draw.