I'd suggest that PFS1 had "conservative" figures in it. Probably...

I'd suggest that PFS1 had "conservative" figures in it. Probably best labelled as un-researched dribble.

All I'm hoping for out of this PFS is:
1. Effort by management to test the true economic inputs of the PFS... something I think we will get with the transport costs being a prime example.
2. Assumptions which take into consideration our peers. So for example, if everyone else is using a sales price of $650 then we should do the same.

In the end though I'm not overly worried about the results put out by this team as pretty much every announcement they release exceeds my expectations.

The true question is how they progress from the PFS. Do they:
-Spend another $2m on a 40,000m drill program to prove up yet even more resource
-Do they put the Lithium project on hold so they can further explore the gold
-Do they sit and think about strategy for 3 months which will see us not Q4 with no progress and then we have to do another CR for fun
-Or do they actually start to progress the project.

Anyways, always stated and never delivered, the next few weeks should be "fun". lol