re: Ann: Definitive Feasibility Study - Recei... "Therefore, both UCL & MAK have huge potential but require changes in fortune?"
I think this was a good point you made Joe. Realistically Wonarah is more likely than Mehdiabad at this stage but hey are both major assets. There is one other thing that could deliver major appreciation to both and that is the longer term possibility of value adding beneficiation at Sandpiper.
I'm working on a price target of 60-70 cents or so for UCL as a rock producer in 18 months. However the JV has proposed a timeline for staged expansion several years after that into fertilizer manufacturing. I could see $2-3 if that proves feasible. It is possible sandpiper could reach that stage before either Wonarah or Mehdiabad are seriously moving forward.
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