Funny thing about this is we have a 2.2c sp making the MC a basement ~$3.7m....
I think punters may see the increase to the sp and think I'm overpaying...but look at the trading history of this stock. We're at near rock-bottom!!
So there's little chance to see it drop and the greatest of chances to see it continue a steady rise as the news comes in.
I would think a MC of around $6m would be more appropriate once the finance is understood and any indication of timing to production.
Jaz
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