Now the pieces of the puzzle are coming together.
14/2 - PO from BMM for 4000t of 63%
28/2 - BMM want to conduct a site visit to inspect the 63% product
THEN.......Radio Silence regarding the site visit.
19/4 - Instead of being honest and open about the issue they bury it beneath a new PO. The plant is currently incapable of beneficating 14% into 63% so we can assume this is why the BMM PO didn't proceed. Cheers for the update.
My concern is that without the support of the BMM "PO" for 200,000tpa (and then the next 200ktpa) its very difficult to justify a MC of $80m in the short term.
Also not at all thrilled about the way they conducted this and kept us in the dark. Doesn't set a great example for the future.
