The performance rights criteria gives us an insight into where the company thinks the minimum SP will be be going forward
Delivery of a Pre-Feasibility Study. 25 cps
Delivery of a DFS. 35 cps
Decision to mine 40 cps
imo the timeline could be March/April for the PFS and 25 cps+
Q4 for the DFS and 35 cps
Decision to mine is likely to come soon after the DFS and at the end of this year or early Q1 2024 imo
At around the end of this year RXl could be a 1 bagger.
Then its on to getting finance which derisks the project and historically has a very positive effect on a company's SP.
The performance rights criteria gives us an insight into where...
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