- sounds Ike a huge response from institutions to the CR - no wonder the SP is 20% above the CR SP - he stated “the amount of funds offered to the placement was simply incredible” - lots of interest from institutions from overseas and Australian and he stated “they all want a piece of it” - he compared the size to Wodgina - 259mt @1.14% and maybe. PLS at 414mt @ 1.17% - one more DD rig coming making 7 and he stated potentially more rigs coming (I expect more rigs will be acquired over time up to about 12). - he also stated expect an MRE upgrade in 2024 after the maiden MRE - he spoke a lot about the work for a SS (I expect it will turn into a PFS at some stage).
My conclusion - SP is likely to soar above $3 and soon.