Don't believe everything you read on this forum.
There are are lot of great posts from different people but there are also other posters that keep saying the stock should currently be at least $1.50 and some even saying $5.00 and that no growth is built into the share price.
The reality is that if we reach full stage 3 production of 1,200,000 dmt pa, the spod price holds at around US$700 per dmt and Ken can reduce the costs to below US$300 per dmt (net of Tantalite credits) then yes the share price should be somewhere between $1.50 - $1.80
We are still along way from achieving this which is why the market currently values the company at between 60-70 cents.
Currently we are looking at production of maybe 300,000 dmt pa for next year, a spod price of US$600-700 and net production costs of maybe US$450 per dmt.
As the numbers improve then so will the share price.
The current quarterly report did show some improvement on the recovery rate but clearly the market wanted more.
Hopefully next quarter all the numbers will look substantially better and the share price will start moving up again.
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