I understand there is disappointment in this announcement due to...

I understand there is disappointment in this announcement due to a short delay to the completion of the BFS. However, the value of the business is, surely, a more important criteria when evaluating an investment.

The value of POS just keeps getting better and better due to:

1. MRE is likely to grow due to latest drilling
2. The concentrate to be a higher grade
3. Higher Ni prices
4.  Scarcity of green Ni - BS to have grid power not diesel
5. Potential for some DSO to fill the gap caused by BFS delay
6.  Still have the Windarra gold project to help with cash flow
7.  Work progressing steadily on all fronts to obtain a max return from BS
8.  PBT agreement being firmed up.

Mining is a complex process - if you want to get it right from the start.
Looking at this very detailed update announced to day, it seems that's exactly what they are doing.