PHO 0.00% 3.6¢ phosco ltd

Ann: Reinstatement to Official Quotation , page-19

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    5% of the relevant project area drilled.

    Plenty of opportunity for optimisation.

    Also another larger project showing potential.

    Plus some base metal assets for down the track.

    Yes it is a shame the PFS was not good and that capital costs are so high.

    However the company has made clear what optimisations will give it a positive npv and 27% irr and it isn't that big an ask from what I have read.

    And from what I have seen in my time invested (since the VGM days) the CNL board has always been a conciliatory and nice place to post.

    There is no need for a competition between CNL and other companies and if other companies are to be discussed in detail perhaps it ought to be done on their board.
 
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