Arronk, I agree with your post entirely. It will take something we don't know in the DFS to get the price going up or down. Someone posted the other day that they were more interested in the costings of the project and I agree. We can't control the price of IO, but we can control our costs, keep those low and the profit margin will take care of itself.
Finance should see a solid rise. Once finance is agreed to and assuming govt gives all clear, we are on our way to producing, its all systems go and much less risky.
The biggest moves over the next few years will be resource upgrades/drilling results at other tenaments and other things we don't see coming like rare earth discoveries, possible takeover bids, agreements with others to use our infrastructure etc.
I also think the DFS could be a little further away then we think. I can't remember where, but I thought I heard/read that it would take around 21 days from completion before it was released to the market. Expecting to hear its been completed this week, but as for us getting details, could be a while away yet.
Few weeks not an issue though, can't way to see how all the infrastructure begins to take shape over the next couple of years.
Ta, Beef.
SDL Price at posting:
47.0¢ Sentiment: LT Buy Disclosure: Held
