i don’t think you are missing anything mate.
this is a great announcement. One of our two major risks has now been eliminated.
All we need now is finance. For all we know, environmental approval could be what was holding up finance/offtake deals (Ruifu) all along. Now we have it.
With environmental approval locked in, I feel offtake and/or finance will quickly follow (we have non-binding term sheets and arrangements in place for finance and offtake already).
I do feel the market is a bit asleep at the wheel here...but I also think it has to do with the timing of the announcement: if this was announced after the issued SPP shares I would think we would have seen more of a reaction to the news. But I can understand why management released it now: those whom were perhaps umming and erring about participating in the SPP are probably more likely to jump in off the back of this great news, hopefully resulting in SPP oversubscription and locking in at least $2mil for the exciting upcoming drilling campaign.
Great news. I am looking forward to reading the report. I am also looking forward to see what stop Core Lithium and rummy has to say
well done management. Well done NTEPA. Well done Cxo holders.
IMO
GLTAH
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