very happy12 Aug 2020 10:22
SP can do what it likes, big news like this will take weeks to fully digest and for the market to rerate us.
The fact is news today significantly derisks us here, can’t mandate banks unless there is a full financial package available which banks are happy about. Big DD hurdles have been overcome.
Only a closing piece of $100m needed now with Offtake, further royalty and equity to come. Very impressed with Debt to equity ratio thats shaping up.
There aren't many new Tier one Nickel mines coming online in the next bull cycle and Araguaia is now charging ahead.
We also have here another T1 asset that is Vermelho which hasnt shown its hand yet either...!
£60m Cap is a ludicrously cheap entry here now