yeah, it certainly adds chilli to the stir fry. IMO there are 2 main drivers to the SP coming soon. One is obviously the independent report and the other is the forward work program.
APs time working for Credit Suisse as a financier for resource developers around the globe means he has an excellent grasp of the subject and he has on several occasions stated that having such a report opens up numerous funding options. I am thinking possibly even forward sales. So I will give time for this to eventuate prior to conversion. I think there may be a surprising rush to production coming which may even be announced concurrently.
I doubt we will get a result on Zapato in time but I will take that into consideration as we get to mid August which is about my deadline.
JPMorgan Sees ‘Stratospheric’ $380 Oil, page-104
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