Correct me If I am wrong mate, as per the email I have received they are looking for a smaller project of 1.5mtpa compared to 5mtpa, hence lower capex of $100M, more profitable by selling product into dense media (coal washing) of around $300. Small project more profitable. They have said they therefore do not need to drill byro south, might be in 8 years time, instead they are looking for base / battery metals at Milly Milly. I am taking it positive, I cannot see anything negative about PFS, they r clearly focusing on a smaller project, easy to setup and on a road towards production by selling quality premium grade product in the market. Coal washing is clearly the way they think moving forward.
Ann: Geochemical Soil Sampling Program, page-13
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