I think we need sign off of IRH and then Roan fully up and running for the market to take notice. Past delays and issues have soured the reputation for delivery ?
I agree failure to deliver is holding the SP back as there is mistrust. I still think the earn from Copper is unclear. There are plenty of numbers on volume but little on real margin. Clarity here would be useful!
Mikie, two points, how do they fund Chambishi and at what margin is this Copper being produced at. I find the use of Copper units in presentations a bit disingenuous because many leap to the Copper price at $8k when we could only be receiving something more like $6k. A huge difference in margin!
Mikie, trouble with the Chambishi talk is this is now going to put a ceiling on the SP until financing is understood. Good if they can use term debt as there is none on the balance sheet?
RE: Investor interim results presentation tomorrow!27 Feb 2024 16:39
I think the SP is still linked to PGMs in investors minds. Nothing is going to happen until proof is provided that Copper is really being produced in quantity. Chrome will only show through on results.