I am sure many of us holders are asking the same question Mitzu....

I am sure many of us holders are asking the same question Mitzu.

The recent announcements of the appointment of a chief operating officer, the binding off take agreement with Talana, and the management of the water treatment plant at the site have, for me very much de-risked this project.

There is still more work to be done of course. The upcoming drill campaign to upgrade the jorc resource and extend the mine life and securing of project finance.

As it stands, all being well the pfs points to a very profitable operation that one would assume would result in a market value for the company multiples of the current mc. But with the possibility of increasing the throughput of pyrite up to 1 mtpa and also negotiating waver of royalties with the Qld government in exchange for undertaking remediation of the mine site there is scope for yet further improvements to the financial outcome.

I continue to scratch my head, in between adding to my holdings.