I believe those were the days when there were only a few hundred mill on issue. Work forward to today and its 1.5B or thereabouts and hence the much lower potential valuation.
HOWEVER,
all bets r off if they fast track NH. That could really give the sp a kick given the US and China r now stoushing over these rechargeable commodities and Mozambique is definitely seen as a target.
Think I posted this recently but, now I can appreciate why the Rod and Max show have come to town. I wonder if its a strategic Chinese political play.
Whatever the case, IF Nicanda Hill is back and the Chinese want to lock down a large Balama-like project then surely NH is it. And if this is the case will the Chinese or Chinese associated financing instos come backing Ton now that the big one is possibly back.
Geeez Ill be dissapointed if it isnt NH
TON Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
