RE: How far will the SP plummet15 Jan 2020 23:57
All an increase in price does, is make MT far more attractive to any buyer.
Simply put, eurasia will end up with an offer that they can't refuse for that asset. By the time the second signature arrives for the MT flanks taking it to 15Moz, any buyer will of done thorough DD and already have an offer in mind AIMHO.
What would the sp be with a 15Moz open pit and very low cost resource , also with a EPCF contract in place with sinosteel to take it to full production?. Remember that we now also have an ex Norilsk manager on our BOD, he has all the right contacts if we did end up going down the production route.
But the fact is, MT is far too attractive to an already established major player wanting to get access to a fast and low cost to production palladium asset!.
GLA