Great results, I think in line with company expectations. That is, a saleable product at the top end of existing products around the world.
There are multiple work streams proceeding in parallel. They’ve foreshadowed studies on higher value products and the met will always be evolving. In addition I’ll be looking out for comments on upgrading tenure to allow development, hydrological studies and geotechnical (less important) studies, and baseline environmental studies. These will all give insight into the company’s intention on time frames.
Will also be interested in any discussion on pilot plant trials. This would be the next step up in costs and would be an opportunity for a complementary investor to come on board.
Resource development and exploration will be ongoing of course but these need to be supported by a successful mining operation based on the existing resources, so further drilling results unlikely to move the dial unless exceptional grades encountered.
WA1 Price at posting:
$12.99 Sentiment: Hold Disclosure: Held
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