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tonypell

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25/08/23

12:22

Post #: 69548264
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Originally posted by dfs1: ↑

FFS, they have a 34 year LOM at P1000. Ideally, the mine life should be in the 20-25 year range. As Dale stated in the Webcast, they are crunching the numbers now to see what the optimum production level is to match the amount of resource. The market can expect something over the next year with regards to BEYOND P1000.

Management hasn't put a foot wrong. PLS have more near mine drilling planned, have a listen to the webcast recording and the FY 2024 budget. If they have the same success as the recent drilling campaign, LOM will push up into the 40+ year range. This is too much and they have to balance production with the market demand and shareholder returns.

The BOD are being exceptionally wise and sensible with their approach. With the current labor market, it is difficult to bring on capacity quickly and why would you? The last thing PLS want is to collapse the Spod market with excess supply if downstream ain't ready for it.

It's all about maximising return for shareholders and that is why they crunch the numbers and dont leave it up to the Martyn's of the world to make dumb decisions and rack up 100 year resources.

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All well & good,
Just read the FA forum,
They can't understand why ???
This is the problem, in fact 2 problems...China's economic uncertainty & the commodity $ Forward thinking, right... I'm not a shorter

PLS Price at posting: $4.75 Sentiment: None Disclosure: Not Held
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