Not a great announcement, but not too bad either. They are producing SOP and selling it so that is at least more than alot of companies are doing. Sure, they're still 1/4 of what they say they'll be doing in June, and 1/8 of what is proposed but it is a start and at 4c seems a fair bet. My logic is that if they were doing the 60kt they forecast by June, that's $7.5mill/month in income a which point the SP would be 10 - 15c IMO. Of course, if they cannot do that the available cash will just about have run out by then. I'm still a hold. They've battled so long to get this far.
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Not a great announcement, but not too bad either. They are...
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