I think there will be more news than you can poke a stick at soon. ATM I am waiting for the new website going live, then an update on the LV tenement applications, etc.
Also the 2018 start date should be taken in context. The actual date that should be noted from the Exergen flyer is "Commence development of first major export project" Q4 2016. The NPV for the project from the scoping study was $1.4b.
The NPV can be related to the market cap. As a rough measure, a market cap value below the NPV is undervalued. If you think that the market cap will stay at $15m until the day of production you are sorely mistaken. Over the next three years as progress is made to the production milestone, the market cap will increase closer to the Mantle's proportion of the NPV, $700m, for the BM project alone. Even if you take into consideration any possible dilution in that time, for instance double the number of shares on issue there would still be a 2000% gain.
I think there will be more news than you can poke a stick at...
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