Point in case the sp is still only 16c. That factors a huge...

Point in case the sp is still only 16c. That factors a huge discount into the value of the project for exactly that reason. As I pointed out the other day the in ground resourcve is currently valued at about 23c/tonne.

If financing is announced and secured expect that figure to be between $1 and $1.30.

Basically there is just a little more confidence in it going ahead now ie in ground resource has gone up in the markets opinion from 12c to 23c in line with general sentiment in the broader market.

If the more risk averse want to wait until financing is a done deal that is fine but expect to pay closer to 50c a share. (still lots of upside even at that price long term)