I tend to disagree in part - I don't think this will take long at all to climb back into double figures. A positive EPA decision basically means construction (and soon thereafter production) can commence, which means we can start positive cashflow. Previously, investors had pushed the SP up to 42.5c under the belief that off-takes were imminent. As I've said before, we've had some dilution since then, as well as some fairly serious damage to investor confidence in BM's ability, so both of these would likely mean that a return to actual imminent offtakes would not see the SP reach the same lofty 40c+ heights, however I wouldn't be surprised to see us hit the 25-30c mark.
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I tend to disagree in part - I don't think this will take long...
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