It might still go 1c or lower now. Depends on the new money being raised externally. What price that deal is agreed to... but saying that, the scope for upside will be very big afterwards given what's in play on the project. Not going to take many announcements to push price higher here on decent results. The EV is low here for such an IOCG project and size of land under SCI control which may be the big one.
Decent cash pile and low EV seems good starting point with the work done thus far and project as outlined numerous times.
If it goes sub 1c fine. Its in the buy range so just a decision as to when now as I see it.
JFI
It might still go 1c or lower now. Depends on the new money...
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