IIR commissioned report valuation of 60c per share,
KFW mandate and other milestones achieved derisking this project.
http://www.tngltd.com.au/images/tngltd---rohbahmahp.pdf
6 months of holding until we get to the 60c per share I'm thinking.
The market waiting for debt finance to be secured, must be still a lot of non believers for SP to be 12c!