Talking of the Isthmus, based on what little has been done there re drilling and visuals of the cores, any takers on what tonnages look like being there? I realise what has been released and the definitive area we are talking about...but as we know PLV to this point has understated the resource.
So far it appears this has surprised PLV as well.
On another note it was interesting to peruse the Austock report to read this.. and I quote;
"The near term catalysts for PLV will be; the defining of a Direct Shipping Ore (DSO) deposit at the Isthmus prospect and cementing a development/offtake deal with a third party"
2 important points there. 1 DSO at Isthmus (it appears to be there...just needing clarification via upcoming drill results) and VERY interestingly the categorising of an offtake deal being considered to be 'near term'
Further;
"Strong Asian interest in project
We understand PLV has entered into a series of non-binding NDA's with Asian interests. This confirms our understanding that Asian steel mills are still interested in shoring up supply outside of the 3 major suppliers."
PLV Price at posting:
44.1¢ Sentiment: None Disclosure: Held