SuperTimGood math!You are correct re game changer - it concerned...

SuperTim

Good math!

You are correct re game changer - it concerned me that PLV was being judged/valued at Cockatoo for 1.2MT...and hence, as has been suggested by some here (thankfully not me as I always thought there was much, much more there based on comments on this thread from people who know...certainly not my own thoughts)that it was picking up a burnt out operation .....

Unfortunately the book value didn't help...nor the following valuation assumption from the independent report.

That all said, we effectively have an operation to state the obvious that has increased its resource by a factor of 10....for starters.

Watch the further assumptions start to come out revealing the other potential tonnages on the island.

Sentiment can change quickly.
Lets hope now the company capitalises on what appears to be very strong developments and good news.

PLV it appears was correct in saying they would be producing IO before all others in its class....not quite Irvine of course, but a correct statement nevertheless.