Spot on - there's a few people here who have been holding a fair while. First got onto the radar around mid 2018 so this price action has been a long time coming. For those who are new it's what we've been waiting for:
Key milestone 1: Financing
Funds required (I can't remember exactly) $70m
To get this rolling they needed security for investors through contracts/agreements with two major buyers who have agreed to purchase up to 70% of the yield.
Tassie government has now jumped in and offered up the initial $10m.
Next milestone: Secure the rest of funding, then the mine can start to operate/supply.
Overlay the global need for strategic metals not provided by China and this is a pretty good investment even for those coming in a bit later. I have topped up again at 22c.
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Open | High | Low | Value | Volume |
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7 | 705317 | 0.025 |
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1 | 500000 | 0.023 |
4 | 544193 | 0.022 |
Price($) | Vol. | No. |
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