cant see that happening with option conversion at current levels. Obviously if these conversion numbers increase it’ll put pressure on but once finance is announced before end of this quarter (as indicated as being the intention by management) then this thing is heading towards a fully bonafide operation and there has to be a re rate towards SO4s market cap levels. As a point of reference they’re sitting at $350m vs our $90m. Granted they’re technically closer to production albeit with some pretty ordinary funding platforms and no EPA sign off just yet.
if finance doesn’t see us head past 25c during April I’ll be very surprised/ disappointed
APC Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
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