Ann: Blackstone Completes Ta Khoa Refinery Pre-feasibilty Study, page-21

I'm worried, The only investors in this mess are Instro holding firm at $0.35 (because they already knew the financials) and the traders who make up everything above that point. I'm thinking 40-45c close and if that happens, I hope people tear SW a new one this week instead of congratulations.

If this does unfold it will set the path to > 1.5B SoI because while the UBU will have good numbers, it requires a lot of capital to get going, and we wont have a JV or offtake to make it happen and no revenue for at least 2 years. So combined these projects may look excellent on paper and indeed they really are, but the SP long term could barely scrape above $1.50, UNLESS some serious interest is garnered this week.