thinking ahead, all imo./ lets fast forward to when this vendor overhang is cleared.
what will the sp do, when the Nelly Vanadium mining right is reactivated ?
or when drills on Burraga copper ? better clarity of resource to re scoping study?
(because imo 10.8 m capex, for any 75m after tax cash flow, if genuine, needs some attention to put on the front page) If there is smoke ? fire? details of this initial scoping, even if non jorc ? what basis did they arrive at a non jorc resource?
or JV out the conglomerate gold ?
Theres a few directions that this will get some air. How far off the ground ? how many bags ? on ops, agree, when this passes 0.7c, will start to see 0.2/0.3 and then giddiup
And while the overhead supply at present seems daunting, what happens when that is no longer in the hands of vendors, but in asx punters who see value being unlocked ? Some will pip trade , others will hold for several /many bags.
