The MRE in Q1 2024 and PFS in Q2 are not only potentially company making announcements but are realistic. “Early next year” re the MRE means by mid February to me. RR has already told us that the MRE will be a good announcement and underpin a good PFS so that is a taken for me. Even if the PFS resulted in nothing more than an increase in confidence in the Scoping Study, the $700 movement in the POG alone would take the project NPV to above $500m. Any increase in production levels would take this number to an extremely attractive level.
The company also has set an expectation that outstanding drilling results will be announced prior to Christmas. I expect an announcement whether it good, bad or ugly. The outstanding assays were only mentioned a fortnight ago so no announcement to date is not a cause for concern at this stage. It would be a terrific if the next announcement is a Trading Halt!
The MRE in Q1 2024 and PFS in Q2 are not only potentially...
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