pure speculation on my part but I think protection from a cheap...

pure speculation on my part but I think protection from a cheap takeover is the highest priority business wise other than the immediate announcements.

The delay in announcements is keeping TMT's hand close and out of sight of potential financial suitors.

Most of the big players and instos will know TMT's potential but wont act until most of the de risking is done.

Such as final ore reserve, bankable model, enviros, ITE process, BOA or down stream processing announcements.

Once the capex and opex is released i dare say TMT will be the new benchmark in the industry.

Bushvelds opex is rising $29 / kg
Largo opex is also rising above $5.
AVL V205 BFS opex is $6.90