There is still plenty of value add in the project before getting to production. At each milestone (FDP, Debt, FID) the market should re rate the company. If it does, then the first of your two scenarios would make sense. If the market doesnt re rate, then, I think we are sitting ducks for a t/o.
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35 | 37878262 | 0.005 |
10 | 5533333 | 0.004 |
4 | 4149999 | 0.003 |
4 | 4950000 | 0.002 |
Price($) | Vol. | No. |
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0.008 | 10662318 | 11 |
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