I think once we see the resource upgrade released (which is pretty heavily hinted in the latest correspondence that it will be very soon and I think will be the next few weeks) we could see a good spike in price again.
If the Project Doubles to Triples in resource and minelife and that is being sold as a minimum then I think you could easily slap another cent or more onto the SP. I think the mid 5's is a pretty reasonable speculation.
Bear in mind too, we will have an upgraded DFS, and a possible offtake agreement and finance to come soon after that. Once that Upgrade happens, we can sign further offtake agreements in good faith because we can actually supply it.
Hopefully the full finance is locked in with that but even if we had a similiar prepayment option as Yuhua, we would at today's exchange rate be less than 10 mil away from being mining and I suspect the NTG or maybe even a domestic bank here in Australia would potentially even jump in at that point.
Can't wait for that resource upgrade!~
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Price($) | Vol. | No. |
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