Ann: Golden Swan Maiden Resource, page-34

Thanks Noor444
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I feel PH knew the resource estimate are low hence he decided to get re-verified few times.
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6500 Ton - POS can't run a plant. No matter how we look at, POS at 0.6% (with around 60% recovery) will not be profitable and it may even become a white elephant. That is harsh reality. I have not heard any project making money at 0.6% disseminated ores, that's one of the reason why POS went into care and maintenance last time.
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Only way forward is to find another high grade zone. That will take lots of time and money as I feel PH have drilled almost every possible place Geo thought is possible.
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FID definitely will be delayed further as much as 12 months, so FID by end of 2022 and production (if ever) by mid 2023.
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