Ann: Cabinda Phosphate Finance and Sales Update, page-771

Seriously Merch. Get a life.
Did I say 6 x on the day of funding news? No one would expect that. It obviously would take time. I wouldn't expect the sp to reflect NPV valuation at least until they are in production at an annualised rate of at least 100ktpa, as in the DFS forecasts for years 1-3, with growth forecasts similar to those in the DFS being demonstrated. None of us will be complaining with potential 100-200% gains in the months leading up to commissioning and that is very realistic as well as in line with similar moves by MNB on its rallies over the last 4-5 years.