Excellent post mbc and I do hope you are right regarding (1) as I was of the thinking offtakers would prefer to bid for what was actually available rather than a portion of the 13k per annum we look like producing judging by our current DFS. Also, once we know what is available at Western Areas and Green River and it is as hoped, (around 5m tonne all up), I felt the DFS could be rejigged fairly swiftly incorporating a 25k pa plant and offtakes could be negotiated around that number. Sure the capex would be more but finance should not be a problem as the new DFS would indicate roughly payback in about one year.
(2) The only reason they were dragging the chain with Western Areas, I understand, was they could not get a drilling rig.
(3) I have seen no announcement regarding the granting of the appropriate permits yet for Green River and if it takes them as long as it did for Western Areas to get a drill rig any results from there in July would be out of the question.
On your good points, I assume (4) and (5) I hope you are correct in your assessment. Some months back they employed a geologist based in their new Queensland office which I was hoping by now may have been able to furnish us with his strategy for our three rather exciting West Australian tenements. Seems the wheels turn slowly there as well. Anyway fingers crossed for something to get us over the line for 30th June expiry of options. Good luck to all shareholders.
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