Thought i would re-read releases by EVE and try and rediscover my faith that the SP will move forward. One issue that keeps coming back brought up by MC Camma is that EVE is an investment company. Without a spin off, selling to OMC/PDN or any other miner is less attractive for these companies. If a significant resource is defined then sharing production costs with OMC is another option.
We shouldn't forget Albidion Limited (ALB) part in this story. EVE '... may earn a 30% interest in each project by expending A$1 million on the selected project area, and may then proceed to earn 70% interest by completing a Prefeasibility Study on a JORC Indicated Resource'.
I also feel this reduces the likelyhood of a T/O?
The best way forward i see is to complete a Prefeasibility Study, get 70% rights to the resource. Until then we can't expect the SP to spike
story so far
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