I think market will wait till they can prove that they can...

I think market will wait till they can prove that they can efficiently process the ore. It's all good to dig up dirt, build a plant and process it, but that still has to be done economically. They changed their processing parameters based on water supply issues, and I haven't seen any mention of what effect that may have on processing costs. They don't have any runs on the board in the processing department either, so we are relying on them engaging the right personnel with the relevant experience.

I also suspect that there will be more delays in getting the plant fully operational. Timelines are continually drifting with these guys and completion by end of next quarter (June) is no guarantee.

Once they start shipping concentrate the market will assign a more accurate value. There was talk of offtake agreements 12 months ago, but that's all gone quiet so not sure if that is a possibility still ? That would help