That will depend on how they acquire funding plus the terms and...

That will depend on how they acquire funding plus the terms and conditions, final planned production numbers, the total cost and future/current iron ore prices. It’s hard to speculate with so many variables.

Funding is the biggest one. If management can secure a good deal leading into the public release of the DFS then the SP could easily be above 20c. Permit approvals, secure water sources, construction contracts and drilling are all positive announcements which boost the SP. Same with port, rail and customers. Then if construction goes well, expect another jump. Another after that on first shipped ore and public release of expansion plans.

There’s plenty to come on the news front if we get the funding.