There still is a lot to be optimistic about.
* The project economics stand up. Especially now with higher V and Ti prices compared with DFS
* SMS guarantee - I think this hasn't got the attention it deserves. SMS are so confident on the process, they are willing to guarantee it, a massive question mark removed over the process being "unproven"
*NT gov in deficit. I was watching a report on the gov being in deficit and the closing remark was that the gov is confident to reduce the deficit as a number of billion dollar projects we coming on in the next year. They will green light this project where possible, just to save their skin in 2020.
Yes finance still to get but I don't think we should be too worried about gov approvals.
Now with TNG BOD in reading: Get a chairman, get a CEO and lets get thing going, build a team that is experienced in bringing a project like this together and you'll redeem yourselves. The only reason you're safe this time is you bought votes with OUR company. I've accepted the decision but want to see management treat SH with the respect we deserve.
TNG Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held