get ready contracts to be cancelled , page-10

IVorbiggun
Agree is not about JORC atm but when the magnitude of their deposits becomes apparent the price is going to move.
Once the licence comes this is going to be worth much more than $1 Double that would be a fairer price.
I am sure they will prove up over half a million tons of oxides in the near future and a million within 12 months.
In the longer term 5 times this in sulphides is the norm on the copperbelt.
Also worlds richest region for cobalt and some already discovered.
Preliminary leaked recommendation suggests worst case scenario is some renegotiation of contract.Mines minister and Katanga governor both giving reassurance atm
If your worried about risk you dont have to stay out .
You could probably buy options for 10c and reduce exposure by 75%
When price gets to $1 you will still make 72 cents for every $1 you would have by buying heads.
No risk way is to wait for announcement and buy b4 trading halt if you are faster than the company.Trouble here is the time zone diff means news will come out after ASX closed