Importantly, although this US Agreement has a reporting focus of 2 years, our PFS is still due later this year as stated in the ann.
This underscore of the timeline of about 3 months to the PFS should see a progressive market interest and uplift in the share price.
Factor in the now effective US underwriting determination of the most economical mining method and likely multiple additional profitability of the enterprise itself gives credence to Lindsay’s end share price guidance of $50.
JLL Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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