Given that CAP has been flying under the radar with little...

Given that CAP has been flying under the radar with little happening from the outside for the past year, I think CAP did really well. Volume over 2 million and chewed through a single seller of over 800,000 shares.

Whilst little appears to have been happening from the outside, clearly from today's announcement, lots happening on the inside. Given the significance of this announcement, I expect more announcements in the following weeks and months.

I think it will take a while for the news to get out and the market to appreciate the significance of the announcement - i.e., trading house willing to provide cash for BFS and loan for construction where the main benefit appears to simply be an offtake of 2M tpa and exclusive rights for Japan - no discount on price.

From what I can see, Mitsui does not get any equity in the project - but happy to stand corrected if others think differently.

That says to me that Hawsons Supergrade product will have strategic benefits that Mitsui wanted to lock in and others likely to want to lock in off take as well. If others provide similar funding for BFS and construction, then the market cap will jump very quickly from $15M.

For those not familiar with the potential of Hawsons, have a quick look at the PFS to get a sense of how profitable this mine will be.