I think a fair price is higher than 16 cents. If SBM paid that for 20%, you'd want a premium for a takeover. As long as Delphi holds out I'd hope for at least 20 cents and maybe a few more if KIN can get the resource base growing faster. Double from now, maybe.
But Chaka1988 has a fair point. There are other choices to put your money. HRZ is an interesting one in being much closer to production and pretty well-funded. Same as KIN though, in that the market hasn't been interested in the story.
Ann: Mt Flora Emerging as a Large Mineralised System, page-15
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