Now it’s my turn to be more optimistic than you. I expect it to quickly blast through 3c on the news and run into flak nearer 6c, as the options come into the money, and stale holders seek to exit, all presuming the agreement highlights the upside potential.
Thereafter it should be a drift upwards as we approach production. I don’t really have a mkt cap figure for 2 years out, but with all the recent dilution a sp might only be 10-12c.
Ann: Capital Raising, page-95
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