I'm interested in TMT after the upcoming capital raising has washed through and at the right price.
And yes there will be a capital raising based on the cash balance and the need for presentations (2 already this month)
But my main reason for replying to your post is your claim that the higher grades here when the all they've done is target 98% for steel requirements. I'm surely they'll produce 99.5% when they go for stage 2 battery development. So unfair to claim the 'higher grade is here'.
Anyway this graph shows what the market is seeing.
If anybody wants to see a history of how this played out in the past - look to the 2 neighbours AJM and PLS where AJM had the "undervalued" but smaller resource from 2016.
AJM never did catch up.
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