"1. so is PLV a dead dog? is it true that PLV project is UNeconomical? and it probably wont go ahead any time in the next 5yrs?"
Clearly PLV is alive despite the bargain basement share price. It is not a "dead dog" as you say. The project is not uneconomical. Have a look at the post I made about Richmond Mining (ASX:RHM). They have a very, very similar project to PLV and just obtained (in May this year) 100% funding for the Capex from a Chinese offtake partner for a 19% stake in the mine. Sounds pretty promising to me! There is obvious interest in such projects, so they are clearly economical. The managing director seems pretty confident that the project will go ahead too.
...and in response to:
"2. Or is there still a descent chance PLV might pull something off and we might get back to at least 80-90c in the next couple of years?"
Sure, why not! One of the brokers reports post PFS valued the company at something like $1.40 didn't they?
PLV Price at posting:
24.3¢ Sentiment: Buy Disclosure: Held
