The devil is in the detail.
MOU was entered into with Wanbao on 29 May 2017
Copper price was $2.7USD/lb in June, it is now $3.2USD/lb.... a 18% increase
Gold price was ~$1,260USD per a oz, it is now $1,310USD per oz.... a 4% increase.
Commodities prices have improved. Hopefully the PFS would be better than the previous studies.
SPP shortfall will need to be placed before the 31 January 2018, HAV management plan to meet with Wanbao this month (January). If Wanbao subscribe to the shortfall, it would be we are business.
If they don't it won't mean that HAV management would be back on the street corner showing skin hoping to attract any tom, dick, or harry that passes by.
Ann: Kalkaroo PFS Progress Update, page-2
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