Yes it is a bit silly/conservative at 50% but you are right it leaves upside room. As long as the Financing/Offtake/Investment eventuates and sector remains stable there is a good chance this stock gets to $AU250M+ Market Capitalisation.
I have decided to take a long term hold here (pending no market chaos of course - will be mindful in 2020 though) as this one is being managed well with the aim to go all the way. AM was obviously bought in to secure the financing for project and if achieved then guide a market winner for some time after (his links in Asia and past deal making show this is the case as well as the latest on boarding to the ranks). In regards to SFR T/O or similar - If you have a substantial shareholding like management does here I'm sure you would much rather retain control and take some beautiful full value dividends every year... I know I would.
Of course still a decent way to go and some sizeable milestone de-risking events required before we can think about a groundbreaking ceremony taking place but it is definitely looking like one of the best spec/explorer-developer-producer investments on the ASX to me
Go ABRA
G1A Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
