Unsurprising to see consolidation at this level given the massive milestone in attaining the UIC permit. Simple case of selling the fact after buying the rumour... Anticipating the upward momentum will return very soon as there wont be much loose stock to churn given the top shareholders are super strong and bullish (like us all!).
Happy to accumulate now as I don't think the market has acknowledged the massive de-risking associated with the UIC permit. It's the main hurdle with all mining projects world-side.
The scalability of the project will also become more apparent and this definitely hasn't been factored in yet...Upside is huge! PAC Partners 1 year PT of $1.76 looks conservative...
Here's some more colour on the mkt caps of the company's' on which the EBITDAs were stated in the latest preso.
Looks like a clear 10-bagger from here just to start with!
