Rob I think conservatively on a good dfs 4 to 5 cents is...

Rob I think conservatively on a good dfs 4 to 5 cents is achievable, with a mc of around 35 mil.
On off take and finance 7 to 10 cents is achievable, especially is the finance involves a cornerstone investor willing to put up around or above market. Or the off take might involve finance and at 10 cents a mc of 70 mil.
Then slow rise till mining end of 2013, it also depends on tungsten and Moly prices. But on start of mining up over 100 mil and that depends on costs if there is a blow out.
But for now there is no certainty the market will pay a premium when it has all the ducks lined up and brokers start coverage and mum and dad and investors pile in because the figures look good.
The reason now is good buying is this is where you make your money on stocks that have a pathway and plan to start mining. Also would not be surprised to see another company outside China to place and finance and get a guaranteed supply and not be beholden to what the Chinese have done to REES. That said the Chinese might plow in to keep supply line tight, interesting to see what happens.
But as it said here not many 21 mil mc companies looking to mine with such a robust project and a mineral that looks in short supply and keeps rising in price. And that's without the gold have been very conservative and not trying to really ramp the price by saying 10 cents straight away as a lot of factors have to be met to go above. But that said the market will value it and that will be the ultimate arbiter of the SP.