Hi blastfurnace,
Yes I agree it's obvious why there has been further drilling, the company is planning on increasing the plant capacity from 2mtpa to at least 3mtpa.
For such an increase to be considered within the DFS, the resource should be in the measured category and there should be no question as to long mine life being achievable.
I also agree that PLS may likely attract a premium for it's strategic / takeover target nature.
Looking forward to see how this plays out over the next 3 months.
Cheers!
NPV vs Increasing Market Cap, page-10
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Last
$2.98 |
Change
0.040(1.36%) |
Mkt cap ! $8.942B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.08 | $2.96 | $56.23M | 18.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 204381 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 138086 | 43 |
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| Last trade - 15.24pm 22/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |