Quarterly Activities Report, page-34

After reading this report I am amazed why the JV cannot announce DOC now ! Why wait ! it does not make sence ! SNE is already past the point set for commerciality, further appraisal activity is only to fine tune how commercial and to fine tune the development plan that drives final costs.

Declaring DOC now would elevate SNE into the world spot light, putting FAR centre stage instead of being portrayed as the poor relation to be shafted and abused by the financial markets because we haven't got a development project. taken advantage of feeding off the sympathy instead of dictating the pace !

The only disadvantage I can see of declaring DOC now, is that it would start the clock ticking on the rundown to development. It would lock the JV into development time frame, put them under pressure, so what ! it's going to be developed anyway one way or another. Forward projections for the POO are also now positive.

But how much damage has not having DOC and the POO influenced dilution and the costs of credit raising ?massive !!! IMO also the combination of delaying DOC combined with THP has had a suffocating and debilitating effect on FARs SP and this has not been a FAR induced initiative. IMO
How much has FAR been gagged to their disadvantage by having to cowtow to the JV rules. If only we could understand the politics behind the scene, if only we could understand if there is any connection with why our SP has not advanced since 2014.
Maybe CN is restricted by the JV to a greater extent than we realise and to stay in the game has forced FAR to discount everything if only to regain traction to move this forward.
Food for thought and further comment !