So I see that the same people are still bagholding. DF is...

So I see that the same people are still bagholding. DF is stretching this for as long as he can get a salary out of it. With Syrah's recent performance, quality money won't touch BAT. Even if he secures financing with generous terms, youre looking at an NPV of 6-8c assuming he meets every target in the presentations (and we all know how that'll go). The only upside is Vanadium and it's clear DF has no clue how to extract it from the tailings. It's also not a priority short-med term as it'll inevitably require capex that he can't afford.

I got burnt pretty hard, but I needed this lesson. By 2023, BAT will either be dead or 10x+. There's no middle ground. If you really believe in BAT then sell it all, pick up some options (think of it as a lottery ticket) and put the rest of your money with the longest bull market in history.