This line is from the Half yearly reports but also the same as DEC announcement of doing a S/S do you believe we have hired people and finished this scoping study or still looking for the correct advisor?
"Skaergaard PGM/Au ProjectThe Company owns 100% of the Skaergaard project in Greenland, one of the world’s largest undeveloped gold andpalladium deposits outside of South Africa and Russia.In July 2013, the Company reported a JORC compliant Mineral Resource estimate of based on metal price assumptionsof US$1,400/oz for gold and platinum, and US$560/oz for palladium. In the last five years, the price of palladium hassubstantially increased from US$736/oz to over US$1,300/oz.Moreover, during the year, the Company also received a number of highly conditional, non-cash, offers for the project.To ensure the best outcome for shareholders, the Company engaged an experienced advisor to assist in a review of theoffers received. In light of the advisors recommendations and the recent increase in the Palladium price, the Companyis going to engage a suitably qualified technical advisor to prepare a Scoping Study for the project. The Scoping studywill define the potential development options available for the project and enable the board to make an informedjudgement about the best future path forward for the project."
PGM Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
