I thought the quarterly was good - better than I expected. What say you?
- lower cost to produce than was indicated in the PFS.
- extra $78m in savings identified by going to 15mtpa.
- higher valuation of products.
- resource estimate for Canegrass is expected during Q3 so could be as early as next month or September at the latest.
? negotiations continue for rail/port access. "In several cases there is a level of understanding that has allowed for economic modelling to be undertaken." This sounds, to me, that an announcement on this front may not be not too far away.
? Re new drilling... significant intersections revealed the thickest and highest grade results since the PIOP drilling program began. Some are actually at a depth of 0 metres.
-NPV now over $3 billion due to 15mtpa instead of 5mtpa.
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