Patience grasshopper. There are those out there who can see an exit opportunity and make a few points of a cent. They then think they are smart investors. I look on this as a buying opp to make some serious gains in two or three years. I believe the investment has been rather de-risked by this announcement.
NPV of $435m US
Cost of $40 US / tonne
14 year mine life with what we already know (and there is plenty more)
If that's not a buy then I don't know what is.
TAW Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held