No price target @Banksy however if a little announcement such as a mou with logistics can pump the sp to 15c then the upcoming infill drill and extra 1000m new ground results will be something to keep an eye on.
The real one will be the off take agreement "s". The share placement at 18c dangled to the company tasked to establish offtake agreements should see something pretty exciting in the next 6 months. It would be premature to be thinking battery grade graphite sales at this point in time however given the rate at which they are hitting milestones anything is possible there.
Of course all the above is dependent on the Malawian govt which is coming under mounting pressure on many fronts. With an election looming (early 2019) President Mutharika will want to be seen as doing something re mining. To this date he has done zip in almost 4 years although SVM have flagged "endorsement by Malawi govt".
Really it's my only concern. I'm not concerned of initial diesel power generation or anything else that SVM have evaluated in the scoping study. It's such a simple strait forward mining operation and who knows - it could be in production much sooner than first thought. Only needs off take agreements - minimal project finance and govt approvals.
The big one is the possible discovery of more or even better sapprolite hosted graphite deposits and the battery grade product sales - then your $1 will be smashed.
SVM Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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