All i will say is that NF once stated (via unconfirmed sources) that we were worth 70c/sh…. Since then we have been diluted (without lube), retraced to 4c and now find ourselves at point below the MD’s stated worth. BITD we had achieved a 1B MC. The MC we now find ourselves at has come at a cost to many SH for a 50% increase, but that may be the price of derisking?.
IMO Manono was always going to be a driving, strategic resource into the EV transition that is now becoming general conversation and point of focus. Im not unhappy we are here, I always expected it, but I expected more.
My POV, that has developed over the last 5yrs, is that our Mgt, of average standard, have had the opportunity to oversee the definition of a spectacular (at surface) resource, requiring very little specialised attention. Am i thankful, yes, but I will not bestow accolades on them as they were offered up a once in a lifetime opportunity when previous Mgt could not “secure, define & sell”.
Tier1 resource needs Tier1 Mgt.
Anyways, just remember
never forget the Sn.
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