Its going to be an interesting 12 months- a successful P3 would conservatively value the SP at $5. I take comfort in knowing that the SP isn't going to go from $1.10 then fly to a potential $5 on a single P3 success announcement- there will be a constant rise over time in due course as people jump on board in anticipation of the P3 results; just how much that moves the SP is anyone's guess. Combine that with any potential development payments received along they way and we might get back to our $3.60 high before results are known.
$4.17-$6.31 Val, page-70
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