"Their thoughts are already turning to what happens after project finance is assured"
I couple of things r due to be finished by 2Qtr, namely
1) Final DFS Update expected to be finalised in Q2 CY2023 which will cover the remaining inputs to be refreshed as part of the DFS Update: graphite basket pricing, upfront capital expenditure, operating expenditure and sustaining capital expenditure. The DFS update works have largely been completed and currently the results are under review and finalisation.
2) It is expected that the FEED works will be completed in Q2 CY2023 following which the company will provide updated timing with regards to targeted commencement of construction.
Both these r not precedent on the completion of some form of debt/finance arrangement, probably the biggy in terms of them being able to annc the start of ancuabe construction.
Did u say Gimme that Shandong is coming thru with $36M ? At least this should lessen risk for whoever finances the balance.
And of course the other possible develop[ment is Nicanda Hill which previously provided a sizable valuation chunk a few years ago.
So hopefully some decent news in the next half year that might give the market cap a bit of a kick back to previous levels.
Gr
TON Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
