The first run when in ‘full’ production went to high 3s. Retrace to $2 then on to mid $5s.
If we have a cap raise here, Soi will still probably be less than there. However, current pricing is lower.
Plenty more variables but could be a bit of a back of the envelope guide as to how things go so wise.
GR has committed to supplying our near neighbours. She will need to pony up to honour that and save face.
For me, a 50/50 here w bridging funding or outright takeover are the most likely plays. Either way the sp goes up.
LTR - mining Vs Take over or bought out, page-17
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