Hard to tell...for a few reasons. Not least of which, the licenses will trigger the MoU’s which in turn will trigger financing.
So, it’s entirely possible, that there will be a few milestones that happen consecutively- all of which will move the SP.
Muchea not coming on till 12 months later won’t matter. It will be just another accretive moment. The market will value what’s in front of it (what it immediately sees) - not what’s not.
IMHO
GLTAH
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