Ann: Stage 1 DFS and Updated Ore Reserves, page-84

while i expect and think the same myself that our SP will boom with financings and FID and offtake.... the investment environment since i first started 30years ago has change, more technical criteria, and Tech itself have influence out come for companies.
in the past when a company got a massive amount of money in backing etc, the SP would go up extremely well, some holding their breath until it occurred.... but these days i see companies get there money and SP does do anything or may slide... there are a few on my watchlist that have done exactly that.
the reasoning i think, is that with financing is spending.... and a lot of investor don't like companies spending money rather they want it coming in.... the coming in might actually be 2 years away minium, and still 4-5 for dividend even if large.... does an investor want to waiting (not me so much as an older investor 4yrs to dividend is like 20 to me) .
4 years is a long time and newer technolgy might come along to disrupt... and common term this days, the but is so many 100s (or more) of billion have been invest into lithium/battery structure can it be undone? the scope of my brain doesn't see it but then again i do know i have limitations.

so while i expect the boom share pricing as i though 1.5years ago in my stratergy focasting (ie guess work ) would not be surprise with many other examples if this doesn't happen so much, until we are producing product.
so...in my forcasting i saw other assets... and thought what a good backup.