The seller block at 12c appears to be purposely placed to keep...

The seller block at 12c appears to be purposely placed to keep things in the 10-11.5c range for accumulating. IMO we need to see a steady cash inflow due to regular sales/shipments.

Assuming a MC of $120m, 4 months of 15000t/mth sales netting say $200/t would amount to $12m or 10% of MC. The $200/t is a guess but the reality is our current sales make us more confident we’re getting there but aren’t enough to move the dial. Currently that is what we are faced with and imo isn’t going to attract much new money.

Double that or even triple that; then we will start to see more interest. The presentation in November showed that first jump is doubling to 27-28kt/mth coming in May. If we see that, and the next jump in production in August, there will be no looking back. If we were adding over $5m/mth to the bank account then we would start to see some real interest.

More digging, more trucking and more barges! Bring it on.