Hey mate,
I would say it's an element of derisking for many, we are on the verge of becoming a fully fledged producer of a premium product, but until the cash comes in a lot of people are not entirely willing to jump onboard.
I think the next announcement is going to be a good one, saleable product with a PO would be ideal.
I'm more than happy around these prices, 5c is a fair price for what we currently have going on, and that increases exponentially as we progress towards our next 1mtpa expansion, pellet plant and steel mill at Orvakal, additional value will be unlocked over the next few months and years.
Trading on low volume at the moment, so any price movements are not an indication of much really.
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- Ann: Definitive Documents Executed for Production Expansion Plans
Ann: Definitive Documents Executed for Production Expansion Plans, page-24
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