We are trading at 5% of the NPV of Mt Peake( based on a seriously conservative valuation...imho)...so from a fundamental perspective, we are still dirt cheap. Especially given this array of formidable potential Partners. Frankly, from a fundamental perspective (pre finance, but given the obvious progress) putting all other projects to one side, I think 10% is more appropriate...so say 50c. This ties in with the Hardman view last year, which was 45c. I am almost 100% certain we are on our way to 45c in the next little while.
It will then be a function of the final funding deal. I will give you my 2c worth once that is announced, as to the next level this will travel to, from a fundamental viewpoint.
Today was quite bizarre. I think it as stop losses for the DT's. It's all it can be as it was a brilliant bit of news.
TNG Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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