The catch is that shareholders got burned a couple of years ago....

The catch is that shareholders got burned a couple of years ago. The MC reached A$1.5b ($13 share price) on the KMP news alone, zero value attributed to Dubbo. Expectations ran too hot on KMP, as I believe the Koreans anticipated Dubbo in production by next year, only to be thwarted by huge capex and complex metallurgy.

We have Bechtel onboard now with the FEED, after some initial due diligence, which suggests that the metallurgy and separation of the polymetallic nature of the ore is possible in accordance with the ANSTO assisted flow sheet.

KMP will run hot, or they will miss the boat on tapping into ASMs supply chain. Dubbo seems to be running hot now. So now seems to be the best time to invest.

Why is the share price in the doldrums.... well you just need to look at the bell curve graph for an explorer to producer, add to that people being once bitten and then the question marks over the KMP capability.

Once the first offtake of substance hits, it does not matter if it is for Dubbo or the KMP, most will miss the initial jump, in saying that the people with real money waiting on the side lines wont be too concerned.

The real issue for retailers is liquidity. There are only 180m on issue, and when the rush to get in happens, the big players will buy up quick, leaving small volumes for hesitant new retail invertors.