RE: The Official 'What Will The Price BE ?' 31st May 20212 May 2021 21:35
I think you've explained it well steveiom. This is a VERY volatile share to try and predict exactly for the reasons you've stated.
Which is all part of the fun, right ?
Assay results are due and will be eagerly anticipated. If they're at lower end (5Mt) then we ought to edge up a little simply because of de-risking. Whether we will is an entirely different matter. If it's towards upper end (say, 12Mt) then we're flying.
£170/ton x 12,000,000 tons. 20% of that number for a JV = £400,000,000 (I know there's more to it than my back-of-a-fag-packet musings, but for a £35M MCAP company, whatever the final number, it would be significant).
FWIW, I think we'll pick up speed as we trundle through May towards June news (just imo!). End of the month anticipation without news = mid 1s. With good news = 3p+. With bad news = 0.8p for a short time.