I’m not sure of your question, are you asking what I think the impact of a binding deal with TE would be on the share price? I genuinely do not know because it can’t be quantified yet (given no figures applicable to the project, i.e. it’s not a typical spec with a mineral resource in the ground that one can run some basic numbers on). My rough guess would be that confirmation TE are going to bankroll the project into PFS might see the SP back to the 12c to 13c range it was around the time of the Scoping Study. But even then, the stock could sit in a sort of ‘orphan period’ until that next stage is complete. What is really needed is timeframes I think.
Apologies if I’ve misunderstood your question.
PRL Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
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