I think it's a lot to do with the price of spod and the excitement happing in the Li sector, I read somewhere a while back that a lot of the SP growth happens from the transition from explorer to producer so whilst the recent rise has been better than expected, I did expect about 60c by EOY. I am very keen to see what SB will do with the extra funds from these options (assuming most convert) as he did say it would only cost $37m to double the output. Perhaps people are putting our (outdated) DFS ebitda of $73m * 2 (for double production) * 20 = just under $3b.
Anyway, I'm off to Specsavers to pick up a pair of these rose tinted glasses I've heard kiwi go on about over the last little while.
I think it's a lot to do with the price of spod and the...
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