It’s an ongoing process. Maybe they did advise them that.
March quarterly:
“Working with Wood, the Company has defined technical programmes to deliver the PFS by September 2019.”
”Studies include additional drilling, optimisation of the floatation process and comminution work, mining optimisation studies, a revised Mineral Resource estimate ......”
24 June:
“With the receipt of these final RC drilling results, work has commenced on an updated Mineral Resource estimate that will include an amount of Indicated JORC Category mineralisation to support the Preliminary Feasibility Study scheduled for completion in September 2019.”
July quarterly:
”Technical programmes to deliver the PFS by September 2019 are now well advanced, with the drilling programmes now complete and all assay results received.“
But then they announce, 9th September:
”as a result of minor delays in the shipment of samples for mineralogical studies and metallurgical testwork the study previously scheduled for later this month is now expected to be reported in mid to late October.”
So clearly there was a need for additional work to produce the PFS. The company have told you that. Days before the report was due.
So if those additional studies and test work aren’t enough to produce a PFS, it’ll probably be back to more drilling.
PM8 Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
