npv 4x current sp, phase 1 only!!, page-10

Will be interesting from here.

Clearly the change in direction has changed many of the earlier assumptions of brokers, analysts and those of us here who comment on that.

First up the market has spoken. Its not impressed. So lets not get caught up in emotion of agreement or disagreement.
Perhaps it is digesting this and waiting on further clarification.

Secondly the production profile is now not last quarter 2012/first quarter 2013.
Its blown out considerably and inline with a number of other IO emerging producers.
In other words, thats one comparative advantage that no longer applies to the degrees it did before.

The Isthmus is not what it was thought to be, and whilst there is hope and value there, it is nevertheless not what it was thought or hoped to be. Simple enough.

The PFS done in stages means the valuation will grow. It may mean the opportunity for other parties to JV/finance get an opportunity to buy in at 'current' JORC valuations....or part value of the project.

Will be interesting to see negotiations from here and if PLV will be negotiating on JORC numbers or the full value here as the company has intimated earlier.

The cost of the operation is 700 million. The earlier reports stated 350-400 million perhaps.
Of course this is a different operation now.

This may or may not be a good or bad thing of course. But worth stating as the inherent value will not be evident until further work is done.

Does this mean(depending on the deal/s done)that deals done will be done on 'current' value...or perceived value?

Thats a question worth asking perhaps.

All up i'm sure it augurs well for PLV's long term aspirations.

It has perhaps dampened the spirits of those among us who had hoped for production end of next year.
Its not often a release of a long awaited PFS is met with this market response.

Lets see what deals are forthcoming.

I'm sure theres good news ahead.

Lets hope some broker reports are released shortly because the other ones are now null and void and do not relate to this company and its future direction.

We now have a pathway to the future.

The upcoming.near term financial negotiations will underpin the short term valuation to state the obvious.