UM. I accept significant positive news will be required before there is a significant upswing in the SP. This would not only be confirmation of a CR but could include a concluded viable DFS or heads of agreement for a take off agreement or JV pre CR.
That of course does not mean that the current price is not grossly undervalued taking account of cash in hand, receivables due and the value of current assets plus future potential income.
I think you would accept that proposition.
Would you be be prepared to put a value on the SP on a completed CR? Effectively a derisked Mt Peake. OPL places in excess of AUS$1.20.
I am genuinely interested on your thoughts in this regard and I do appreciate that to some extent any price will depend on the terms of the hypothetical CR.
If you were in line with OPL then that would be a 20 bagger in 9 months on your time line. I for one could live with that.
TNG Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
