Agree with this. 1. Copper sentiment goes sour 2. Botswana risk...

Agree with this.
1. Copper sentiment goes sour
2. Botswana risk profile changes

That’s 1 and 2 by far on what can cripple the SP. Other short term project specific are
1. Govt rejects ESIA and delays to granting ML.
2. Reserve falls short of say 320kt Cu
3. DFS falls short or is delayed
4. Govt takes a stake in proj of 15% for

I see all the above as very unlikely - you only need to look at Cupric down the road to see how they went with govt approvals and financing... I think as they derisk over the next couple of months through new reserve, DFS, new resource April, UG scoping study, granting of ML and financing (plus exploration results) there will be a big rerate.