Michelin,
I think this is similar to the question I asked Adam when we had all the senior figures from India here, unfortunately we need something concrete. Look at what happened when we signed the MOU with Tincom, committment of Monash, unfortunately(fortunate for us) unless we have something concrete the big end of town will wait. If we look at the previous ann's to us it seems clear as day what is about to happen, we don't know the terms of the agreement but IMO even if they are more favourably tilted towards NMDC/NLC and other funders I can't see us not getting to 5 cents. That is a good return from current levels. The risk to us(and I'm putting you in that category) would be minimal in our opinion, the updates, the new additions, mention by overseas soon to be partners only points to one outcome, when, that is the question. I'm still surprised that we aren't at 3 cents on current news but that is the market and gives us an opportunity before the real fireworks. All IMO, DYOR.
ESI Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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