It’s very frustrating to say the least. In my opinion it’s most likely due to a few key factors..
1. lack of retail interest due to piss poor communication from Management.
2. Lack of additional JV or fund interest due to non homogenous ore body… until a PFS can shed some light on its economics we will continue to stagnate.
3. Rising global interest rates means a CAPEX over $1b is unlikely to secure funding until a BFS is finalised.
4. Whilst there may be one - a clear path to production has not been delivered (again this usually takes the PFS, then follow on BFS)….
so it’s a waiting game, and to keep the SP moving we need better comma about the plan, timeline and key milestones.
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