Ann: Black Swan Restart & Company Update, page-204

I call bs sc,

pos has 429kt jorc resources just boosted by 8kt & to 0.72%.

mt keith bhp grades are at 0.60% & underground & smaller with a large mill & further away & isolated in desert.
.
OZL Noront Sherritts even worse.

BS is in prime location, massive infrastructure, massive open pit with 2nd largest mill ni in oz on top of it.

if they need mill upgrade or pox plant then just build it from cashflow.

the 1.1mtpa option isnt using disseminated but 5 years of open pit & HG ore.
The 2.2mtpa option does & thats not starting a while yet.

You think the ruskies produced for 6-10 years here & spent $2B on these assets for nothing?

i call bs.

pos can produce profitably at any np.
Its all about management & our top3 thats the problem.
Bmm afaf citi have thrown spanner in the works as usual imho. No doubt they want more delay dilution & no debt to ensure they are in control & can get assets cheap, pos producing would contradict those plans.

i think at the AGM we need to sweep out this BOD & CEO. All talk no action, same old.