I endorse both your comments. The project is flying under the radar but probably can't expect any take off at all until the approvals are resolved.
Trying to second guess the future response of the market, Chris is outlining here the 2 year construction to shipping time frame that was in the last report. There should be some sort of gradual appreciation once that is underway.
What sort of targets? Well the options giveaway announced the other day gives some clues. Leaving aside my ongoing dislike of options giveaways the terms on these are a pointer - 17 cent options that can only be exercised when the share price achieves 40 cents for 5 consecutive days. To me that suggests the board have confidence of seeing 40 cents at some stage. When? Probably when approaching first shipment.
I'm going to try and buy a parcel regularly for the 2 years until shipment.
UCL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
