Classic Wildcat, we can all speculate on the future SP, a few things need to be taken into consideration on how exactly the register will look in closer to production. Considering we need to arrange finance and how will they go about that. The good thing on our side is that project economics will most likely look extremely attractive to banks and institutions and we should hopefully get the best deal possible for all shareholders. This is where our new Director will show his skills. STB has always had a policy of keeping its shares relatively low, so i hope they continue to do so as best as practicable. Having said that the market will find fair value and MC as we get closer to production and later on dividends. I expect the mining license will be lodged shortly after the 3rd Environmental assessment is lodged and final approval is received. As the Eritrean Govt is heavily involved with this project, i would expect the mining license to be approved in a significantly short time frame compared to other African nations. Our MD Paul Donaldson is doing a terrific job IMO and no wonder he worked for BHP in senior management roles.
Our previous PFS's had a lot of missing information, i expect this one to be have a much more detailed report. 3 announcements in 3 days i am impressed. Good to see a bit of conversation going on, it has been quiet here for too long. This thread will attract all sorts very soon, will be interesting to read.
STB Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held