Volume29 Oct 2021 16:45
Some great volume coming in here, especially for a newbie. Only 70m or so in public hands as the rest are locked in for 12 months. 10% of available stock traded today alone, which is excellent and it’s only just the start.
Can see some debate over the figures, which is understandable, but I think even the most conservative figures are showing a disconnect in the current SP.
I’m my opinion I think 55p by year end (175m mcap) providing production starting on time and 40,000 tons mined. Following proof of the system and infra working next year will be incredible especially if they are pulling in roughly £8m profit a month (40,000 tons * £200 profit). This gives capital to drill up further resource and buy further mines to get to maximum capacity of 3.1m tons.