g’day blue. Yes, any of those things would send it higher. But...

g’day blue. Yes, any of those things would send it higher. But it might also be the iron ore price. Others have posted that before. I do t have a link for the high grade we have. So it might be that?
anyway, as we progress towards production, each milestone has real value and will generally increase price. The big one though will be the annual production level. I’ve seen 1mtpa mentioned here. I can’t confirm that anywhere, but if that’s true and they sell it at the gate to avoid any issues with the locals on the long road trip, then that’s the thing that will send this way higher.
It won’t get to full value until they PROVE they can achieve that output by actually doing it consistently.
I need to start doing some research into peer group producers of similar high grade if possible. Any suggestions of like companies welcome. Then we can estimate a potential market cap when in full production. Then just divide that by 1.8 billion and we’ll have our share price estimate at full value. That should occur sometime in the next 12 months or so.
I think those suggesting 6’s are probably right now for an accumulation target.
cheers, ned.