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COVER “If we can procure just some of
the funding required for this
early start, then we can procure some
of the long-lead items and shorten our
potential timeline considerably.

off to just below 10c at “However, the graphite market on the
the time of print. ASX is currently under stress and we
think investors are smartening up and
“Historically we have realising many of these projects are not
struggled to get recogni- going to necessarily be successful.”
tion in the market for our
deposit and for our strat- Mulligan has always had the best in-
egy, while other compa- terests of shareholders at heart since he
nies have market caps vended Walkabout, then a private com-
and valuations that have pany, into struggling ASX-listed Nimrodel
leapt way ahead of ours,” Resources in 2011. He cited a $50,000
Consulting geologist Rickard Taljaard Mulligan said. capital raising at 0.001c/share in 2015
as the low point in the company’s history
and has spent much of the past two years

striving to restore investor
confidence through Lindi
Jumbo’s development.
Perhaps the best
example of Mul-
ligan’s com-
mitment to
shareholders
and the pro-
ject was his

PAGE 24 APRIL 2017 AUSTRALIA’S PAYDIRT