All the reports are basically fanciful at best although I understand their reasoning.
Forward contracts are priced at $600+ at the moment.
Asian spot prices have slowed from 100%+ per annum but still running at around 40% on forward averaging...
Beer & Co, PFS and DFS will not work on those figures.
Expect forward contracts at around $800 by end of year unless their is a change in sentiment
Add that to any report and you see the value.
Also do not discount the fact they are back out their looking next quarter.
We may well get news of something.
The big one will be how the financing goes. Can we develop without huge dilution.
Lionergy and Optimum Nano are going to be interesting in all this.
You see AJM shares are heavily held by management.
This means they could slip in and finance the mine without enough dilution to lose control.
Maybe a seat on the board which I would see as a good thing.
We have absolutely everything in our favour at the moment.
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