resource upgrade wont rescue it, page-2

It can't stay at $2 once the income is rolling in and steady state production with KPI's being met on the oxides is achieved.

The big issue is how smoothly we get through commissioning. Lots can go wrong for example recovery rates being lower than expected just like JML's nightmare that destroyed their share price, or horrendous operating cost increases as those who need to buy sulphuric acid know. That is the big risk now IMO and why I am biding my time on restoring my full quota of holdings.

The resource upgrade is added surety that we have a real monster deposit and will have more impact on MC medium-term rather than immediate impact.