When this starts to move - it will be dramatic.
This stock was hovering around $0.025 - 0.035 as nothing was happening due to COVID and financing conservatism.
But the team is not giving up. They've just raised some cash to put some gas into the tank.
They've spent over $20 million so far on the projects and the land mass they have for exploration is absolutely gigantic.
With thousands and thousands of square kilometres in a mineral rich territory - there must be other minerals or there other than diamonds which gives them optionality.
Probably even just a small start to some drilling or search for Diamonds will bring some speculation money into this stock - considering the potential reward.
At the end of the day keep in mind one of Canada's legendary miner's and co-founder of Franco-Nevada has invested heavily here and owns over 15 per cent of the outstanding shares. He's not a penny flipper which bodes well for shareholders.
At $0.20 it might be a gamble to hope for a ten bagger or beyond - but it's possible.
However here at $0.05 it's a speculator's dream ; backed by a wealthy expereinced team, a gigantic land package, and multiple options to discover alternative minerals.
Probably this goes to $0.065 next and then to $0.10 where speculators will still see lots of upside potential.
Of course if it starts a drill program it of course will go much higher just on speculation of any good news. There's always gamblers out there.
And on any good news of a hit or other mineral intersections - well this could be huge.