Ann: Investor Presentation - Noosa Mining Conference, page-56

AFter all that diatribe,

none of you bigwigs have any response to my costings estimates nor

Seems MSTs figures of $3.97 uslb and the DFS 2014 of $4.05 uslb are eerily similar yet we know MST have undervalued and underestimated a lot,
for example they are working off 8ktpa production and havent modelled the FTM for 18 months now
also their NP estimate is still at 8.00 yet its now 9.50 and going to 10-20
also they havent deducted the 32% reduction from the UAD$ drop nor the trasnport cost drop.

@bacci is right
they need to start up the 1.1MTpa asap, get the $340Mpa revenues flowing to start and build that to $600Mpa using the higher grade stuff from GS SS and mill expansions.

If PBT refuse to sign a JV or hand over $60M cash as we should want, then cut them off, notify the Feds and divert the grant funds of $120M to POS solely. and sign with Trafigura now and get their $50M funds.

Heck just sign with Trafigura now for 3 years at $40M cash and put the pressure on PBT.
All the stalling and waiting while others make fortunes is not amenable to building investor confidence.

STOP STALLING,
SIGN HER UP & START HER UP!