You don't see that too often from wwwater.

Could it be the SP is somewhat worrying to wwwater as well?

All the charts/spreadsheets should come with a caveat:

It will depend on the availability of oxides and also on demand from end users.

Anything else it could depend on like: not enough money in the bank to built all the facilities that will make the metals/specialty alloys, time line missed, where is the management, also read the complete disclaimer at the end of the MD&A and Fin St.