the options for Patersons will quickly be in the money once the $40million bond issue is completed along aside the granting of the licence. The DFS is due any day and this should show IMO based on previous info released to the market that it is profitable on stage one and when extrapolated out to stage 2 we will have a very profitable world class mine.
Now we are at the pointy end of the project we will see the MOU's become binding as these customers dont want to be caught short.
ps picked up another 1.750 million last couple of days as this IMO is a no brainer
Ann: Resignation of Non-Executive Director & Appendix 3Z, page-57
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