Had a minor heart attack skimming initial comments before...

Had a minor heart attack skimming initial comments before reading the ann. But...I'm with @kengaroo here. Reads relatively positively to me.

'Positive business case supports progression of the study to the PFS stage'
Essentially says it is viable to go ahead with a proposed mine build, factoring in negative price fluctuations to the tune of 20% for acid grade fluorspar and is still profitable. The PFS will be the one to look out for in regards to capex though.

Obviously they'll need funding and how they arrive at that could be interesting. I did like how they mentioned looking at a JV or potentially 'partial sale of the project.' Why? Just thinking out loud here but if you look at what GXY did recently... (like KRC, 100% owned a large tenement [Sal De Vida, Argentina for lithium extraction from brine] then sold the Northern portion to POSCO for $280 million (USD). The Southern tenement still gives them plenty of brine to develop their operation and make serious bank on.
Might be worthwhile management considering this route.

Not sure about the timing of the ann after close but will intrigued for the market reaction tomorrow.