Personally I fall somewhere in between you two. I agree that the current SP has a lot of built in optimism around the DFS. On the other hand though, I also believe it wouldn't take much to see a serious re-rate post DFS. For example, if the economics of the platinum are better than expected, if the DFS release coincides with a funding announcement (I suspect this is the only remaining piece in the puzzle for this to happen - I believe our sunrise project is a no brainer for potential financiers), or any of a number of potential announcements regarding scandium. If for example we announce something positive around scandium (like an off take agreement etc) then the economics of the project change significantly. I can just see one of the big players waiting to see the DFS prior to signing an off take agreement for scandium.
Either way I am expecting at least a nice bump up in share price, with a number of possibilities that COULD see our SP rocket. I am not saying I expect that to happen, just that it could. CLQ has been surprising me to the upside for the last couple of years and I don't expect that to change any time soon.
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2 | 27631 | 0.380 |
2 | 20943 | 0.370 |
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Price($) | Vol. | No. |
---|---|---|
0.410 | 2908 | 1 |
0.415 | 9879 | 1 |
0.425 | 20000 | 1 |
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