The probability that this project will get of the ground is getting higher and higher and the risk appetite of investors is also getting more aggresive. These two factors combined are enough imo to take the sp back to at least what it was 2 years ago maybe not its highs but quite possibly 40-50c.
When and if the project development becomes a certainty we could easily see 60-80c ie a A$1-$1.30 in the ground resource valuation.
When and if the project is delivering 35 - 50 mtpa to the market - well the mind boggles.
Enjoy the long weekend
SDL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held