The knife you refer to JTANG must be plastic and blunt. Overreaction today. First chapter of a long story... Well said Snagger...
Capex was undoubtedly higher than hoped but that won't be a killer for the stock.
5.6 billion in revenue over 11 years = ave of $509m rev per year. Operating costs of $63/tonne x 40 million tonnes = 2.5 billion over the 11 yrs or ave of $227 million in costs per year. So profit is $280 million per year minus royalties. Is that right? Which means money made over the life of the mine is around $3 billion - $700m capex = $2.3 billion. Not that bad really for a stock with a MC of $85 million. The patient shall be rewarded.
"The PFS result gives us the confidence to finalise commercial negotiations in the near future... On the basis of the Pre-Feasibility Study results, we will now proceed with confidence to a Definitive Feasibility Study."
PLV Price at posting:
38.7¢ Sentiment: LT Buy Disclosure: Held
