Agree. If you believe in the exploration potential of the 100% ground or JV ground prove that up, otherwise your PFS scale and schedule will have to be redone. I suspect the reasons to do a PFS is to do something/anything to demonstrate progress to try and demonstrate value, disagreement on valuation with potential acquiring parties, or the acquirer not prepared to take on the risk of pre-PFS resources. On the plus side the weaker price increased the likelihood of a bid for the company. That will take for some players to agree to avoid a Dacian-Genesis situation.
Can someone explain how you finalise pit designs for PFS when your slopes/met recovery and underground/pit interface are not finalised.
MGV Price at posting:
17.3¢ Sentiment: Hold Disclosure: Held
