agree. only first step but way too early to celebrate anything. to start POD only has inferred resource that needs lot of infill drilling to bring it to indicated category before talks of any PFS. I really prefer is POD conducted scoping study with part (about 30% of the areas where they have marked as 2 open pits) of the resource in the indicated category in order to instill some confidence in the results of the study but they decided to do it with inferred resource.
also when the resource is drilled on tighter grid it will show more of the surrounding rocks that will provide additional data on the recovery rates.
positive step forward but not a milestone in any way.
POD Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
