Welcome aboard sprogman. The price may be a bit choppy as we move towards the BFS. Traders are keen to be in for their short term gains.
Once we have the BFS out of the way, we have Xtrata's decision within 3 months. Some sources indicate 8 weeks from the BFS.
Then, onwards to production.
A five times price increase is very attractive, balanced against the risk of the project being delayed for whatever reason. Even if Xtrata fail to take up the JV, there will be many companies in the wings ready to jump on.
Were you a shareholder of AQP at a similar stage?
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