Yes I think the nickel project approved recently gives us confidence that we won't be too far behind. Tanzania wants the investment and the free carry is expected - I personally can't see this trading below 20c if announced and closer to 30c on finance depending on the structure . At its current market cap it must be pricing in sovereign risk particularly initial approval. I think that risk is minimal and that with news expected in next 6-8 weeks I think this should be trading at 250m Market Cap. The metrics and management , backing of Posco - the stage it is at this seems very underpriced to me. Graphite might not get the headlines of lithium yet but will one day when fully understood.
BKT Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
