exposure in Europe gets us exposure to potential partners, finance or JV.
The project is de risked probably as far as it ever will, it won't progress any further now without partnership or similar financing. Unfortunately they can't do that until everything is up to DFS level, which is close but not quite.
The SP will continue to decline until rumours of DFS, unfortunately the DFS seems to be over a year later than everyone was expecting, lets hope it ain't a buck short.
There will be 30 - 50% increase when DFS comes and then it will quickly go back to decline until partnering comes.
DFS will likely come shortly before a cap raise.
I don't see partnering agreements coming till the new year. I've sold 80% of my holding and waiting for the trend line to indicate reversal.
This is all just my opinion, words between friends.
Not financial advice
DYOR, GLTAH
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