Looks like Irvine and the underground Cockatoo drilling isnt going to be happening any time soon - stage 3 long term.
Making do with short term Cockatoo resource definition and small expansion drilling, this is not what i signed up for 6 years ago.
Underground drilling on Cockatoo, i thought that was the new be all and end all, not so now.
The presentation doesnt look that impressive with all the big ticket items stacked well off into the future.
The only chance (IMO) for this project to get further funding without crashing the PLV shareprice is for a part of the Cockatoo project to be sold. I'd rather that be done given the frequent and reoccuring use of 'potential' in the presentation.
PLV Price at posting:
20.7¢ Sentiment: Sell Disclosure: Held