We know from yesterday’s press release that 1) the demonstration...

We know from yesterday’s press release that 1) the demonstration plant is advancing well 2) that discussions are proceeding with potential customers for the DP - with the press release before that highlighting that expectations are for an agreement in the near term for the remaining volumes (imminent?) and 3) Potential customers see the project as ‘ticking’ all the boxes.

Yet, despite a) being the ONLY manganese play in Europe, and backed by the EU and b) having the distinct advantage of being a recycling story and c) having obtained tax credits from Cz; the stock continues to trade on a rock bottom c16%NPV multiple. That’s almost half the valuation European Metals Holdings trades at and 4.5x lower than Piedmont on the lithium space which has an offtake, for instance.
CHEAP!