It's always good to dream!
TNG in full production, I find it hard to see the SP being lower than $2.80. Of course, we still aren't privy to how the debt/equity will work exactly and other factors between now and then. As @kiwihiker alluded to, the potential value of licensing the TiVan process hasn't even been factored into the DFS figures, let alone the reduced costs and upgraded product streams from SMS revised work, plus anticipated increasing in metal prices!
Any guesses as to what Hardman & Co will value TNG at after the revised DFS is released and if they try to factor TiVan into valuations? . We are still a long way off production, but I guess we can confidently say "we are as close as we have ever been".
GLTAH
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