As people know, I was a bit cynical but I'm more than happy with...

As people know, I was a bit cynical but I'm more than happy with the deal. The chances of the project becoming a reality have just increased exponentially, with exploration and feasibility studies now being fully funded.

Importantly, the studies and exploration can now be fast-tracked, rather than plodding along at glacial speed. As announced, this mob have a reputation for making projects happen.

The market may or may not respond today at such a lousy time, but if it hasn't happened beforehand, this will definitely be re-rated during a rally on the broader market. Have upgraded to "Buy".