LM8 - Lunnon Metals: Highest insider buying + lowest PE

Has anyone looked at this company? I just noticed it scanning ASX director transactions - three directors incl MD and Chair and have bought large parcels recently.
https://www.marketindex.com.au/director-transactions

I know Nickel is out of favour - with some justification due to Indonesian supply now being accepted for EV batteries etc - but if the single broker's estimates are correct it's on a f/wd PE of 1.7X and cash pile will exceed it's current mcap (ie -$21.3m EV!) in 2026.
https://www.marketscreener.com/quote...6901/finances/

They posted a presentation on 24 Jan which is well worth a look - https://www.asx.com.au/markets/trade...ouncements.lm8

Metals - and resources generally - are not my forte, so I'd love to hear others' opinions.

https://www.sharetrader.co.nz/image/...AAAElFTkSuQmCC

Yeah Nickel sentiment is DOG**** ... wouldn't touch anything in this focused sector