Once the market catches on I expect there to be a major run in share price before production. I think the market is waiting for the next leg up in the V price.
Companies like PLS reached 1 billion market cap well before production on the back of TMT style announcements.
I expect all available shares to get gobbled up and then a re rate gap up to around $1.50 - $3.00 per share....based on the resource upgrade coming in January 2019. Ian Prentice already indicated the results were very good. He just need to put a dollar figure on the resource now and an increase in tonnage per year or mine life.
At the very least reach a market cap on track to our peers not full value but I think a 50 % compared to Largo is fair if the numbers stack up and V prices take the next leg up. $1.50 - $3.00 per share might be too conservative.
With the register very tight and TMT fully funded up until DFS anything could have by June 2019. They will also have to issue less shares due to the share price should be significantly higher.
With the share register so tight basically anything can happen. The only thing I can guarantee is that you have to be in it to win it.
"Give me a like if you smell what troydt is cookin" PS: All rights and royalties will be paid to the Rock
TMT Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
