The clue is in the name. DEMONSTRATION plant. It is...

The clue is in the name. DEMONSTRATION plant. It is demonstrating that the proprietary hydromet process works at a commercial scale (1000 tons per annum). Once this has been DEMONSTRATED, the company’s commercial viability going forward is indeed very significantly de-risked and the market will respond accordingly imo. It’s only a matter of a few months until the demonstration plant gets fully commissioned and starts to pump out magnesium ingots. I think we’ll then see a new re-rating by the market. As mentioned in the above posts, off-rake agreements at favourable magnesium prices are already in place.
In the meantime, the share price may well drift a little lower but I’d be very surprised however if if drops below 5 cents. I’ll continue to accumulate at current levels and patiently wait for the bull run later in the year. Like Warren Buffet says, don’t worry about the short term share price fluctuation. Look at the longer term company valuation and if the share price drops then buy more