I dont even think they need imminent resource increases. They are in production now ready to take advantage of the current IO prices. At 3 mtpa they will be raking in HEAPS of cash with 5 more years to sure up more reserves &/or takeovers with plenty of cash in the bank. Most of the other players are too far away from production to take advantage of the boomer IO prices of now to next 3 years. TTY are in a similar position to MGX I think - smaller scale (1/3) but lower costs (and market cap is 10X smaller!). I think the market will catch on soon now the earnings are flowing in.
TTY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held