how much fruit can one tree have? This thing has been shaken so hard it’s lucky to have any branches left.
I just think the whole market is super cautious at the moment when it comes to any developer with no rev or low rev, and big capex where funding is not clear. A big reason we got to $10 imho was the market thought (I thought), that they could get multiple MPs off the ground in a short space of time, and turn cashflow positive, thus making Dubbo an easier project to fund. We were going to be a global mine to alloy REE producer in 3yrs.
now it’s probably viewed as a 6-7yr timeframe (since Asm listed) and this time around the market is wary and waiting for the real reliable news/info before jumping the gun.
I think we are close now, one more big offtake for KMP, and get that plant clearly profitable, and perhaps another plant announced (or license agreement), any funding or offtake of any type for dubbo … … and we are away.
aimho
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