With an impending DFS only 9 months away,
and with the PFS firmly in the bag, with the low market cap of $35m
I see a t/o very likely.
Firm V spot prices (just as are other 'real' metal prices like IO), not being
affected by all the 'noise' in world markets, (just have a look at Cu)
a T/O is a tantalising proposition.
An investor offering say $100m now, would make that money back within the
first year of production.
As it stands we have the highest grade ore in Australia, if not the world, with a large
nearby tenement unexplored. High V resources are very rare. Not to mention the other
metal credits that we own 100%.
So, Im basing this theory on the low valuation that the coy has. If this is maintained
in the future (lower than $150m) I see no other possibility (imho)
Comments most welcome.