I'm going to go out on a limb and make a prediction. I reckon...

I'm going to go out on a limb and make a prediction. I reckon the share market will yawn and shrug off this announcement: whilst it's promising, it's nothing that we weren't expecting, and it ultimately means nothing unless and until the framework agreement is finalised and the mining license is signed off.

There might be a bit of an uptick today, but I don't think it'll be anything major, and it would not surprise me to see the share price hanging around the mid 40s until the framework agreement is finalised.

Once that's done, though, the single biggest risk to this company will have been closed off; I would expect a significant re-rating by the market at that point. If it happens (I'd consider it far more likely than not at this point, but it's still not a given.)