I don’t believe approval of the Optimised project will make any difference to the sp. No other previous significant approval has.
Advice on achievement of milestones will impact positively on the sp. Completion of construction milestones have been few and far between. It was pleasing to see the 400 bed village completion but this didn’t budge the sp. But reporting of milestone completions are few and far between. Some must come soon, maybe before Christmas.
Signing a first secure salt sale contract may attract attention but that process has been ongoing for about three years. Maybe waiting for salt prices to hit new highs or maybe China won’t commit, who knows but still no finalisation.
There are many months to go and much expenditure befor the first salt is stockpiled for export.
The project will proceed and the sp will exceed $2.00 after the first ship sales. For a Tier 1 project in the making BCI sp is cheap as chips. Unbelievably cheap.
But it will appreciate pretty soon if not before Christmas early in the new year. Time to sink the super into BCI IMO.
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