I am not the best at interpreting size of resource from drill intercepts (I am sure blastfurnace could probably tell us) but a lot of those results were higher than the reserve grade used by PLS in the PFS. That means this was waste of neither time nor money as it means that PLS could be producing at a higher grade than originally announced. i.e if the DFS has a higher reserve grade and a bigger mill that means a lot more product and oh guess what that means costs down, margins up, more spodumene sold and a lot more money. Crazy that. Kind of sounds like a plan.
Besides, how are your shorts going to fare if a t/o offer does get lobbed on PLS?
Ann: Drilling Success Continues at Pilgangoora-PLS.AX, page-48
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