BRR : TNG. TIVAN results in the next week or so, page-35

just to add a little colour. heres todays play in a chart , as if we needed reinforce the position its green.

Bar Charts say 88% buy, I say 100%.

The down rampers have now been swamped by reality, TIVAN is a go, WOOJIN are courting our MD, and the DFS is on schedule.

The market awakens. If I understand the TA team correctly when we punch through 22 then next stop is 34. When you look back we are now at precisly the point when everything stalled in July or August 2014 and this time the indications are we'll follow through so that 34 peak is on the radar as a consolidation point.

78 is 500 mill MC and i'm picking the DFS coupled with a share Holder friendly finance package will be good enough to take us there. Hopefully when the market actually digests the value of TNGs strategic metal package that will be a further consolidation point before a genuinely deserved further rerate. Lets be honest about it TNG is going into production, the derisking process is " at the sharp end" if I heard PB correctly in todays BRR.

The furry creature has been sceptical to date in his comments on delays (and in his defence not with some foundation) but now the weight of the evidence has turned and it is time my feral friend to acknowledge the fact that TIVAN is a working process and the delays in refining and optimising the process are market driven designed to achieve a purity level that will attract the top end user market including the VRF ESS buyers. IF so then there will be a substantial positive impact on the DFS and therefor the SP.

The pukeko is a happy bird, not that he ever doubted that this time would be reached. Have a good night holders and lets watch and enjoy the next couple of months.