Sentiment is down currently due to delays and needing funds... I am of the belief that this project is worth over 300M once opperational- no doubt.
Yet naturally they are a long way from home and certain factors have kept large investors out.
Once closer to production the larger investors will pay double to be in the game IMO. Currently their are relative risks in terms of correction of Ore prices, port access issues and other unforseen issue that make this a high risk play.
Yet overall I see downside very small in comparision to upside... however we are now a year away from production, so the wait is longer than most of us wished.
I have a accummulation point when port access, miner camp, progress reported like many others... patience a vitue in the Whilcherry progress. Always will be a multi bagger- timing very difficult to judge in this play IMO. Plus indirect factors 1 year out come in to play like future Ore prices now.
Cheers JAY
TRF Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
