I think you're close to the mark. I am pretty sure that NH would like to start negotiations from a much higher starting point. Let's tick a few more boxes (mainly ML rat and off take) and share price should be closer to 40p than 20p.
NH is very savvy, he won't let go for peanuts.
A11 Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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