3 months minimum, 6 months maximum from the sounds of things, before the exploitation permit is granted. It has crept out, but if there is anything during our journey towards mining that we need to get correct and as right as possible, it is the exploitation permit! That’s the one last issue that gives the most risk of the entire project with the related buffer zone, environmental concerns. Basically the exploitation and buffer zone issue is the reason we are priced 25c now and not a 50c stock imo! The other last hurdle is funding for mine construction, but it is fair to say in the current record gold price environment, funding will be a walk in the park with no shortage of offers for help. Everyone will want a piece of this project. Hundreds of billions of dollars at stake.
Next major catalyst will be resource upgrade in early half 2, around early July by the look of things. Then hopefully exploitation permit around august at best.
Before then it would be great if they trickled out a constant stream of drilling results.
- Forums
- ASX - By Stock
- Ann: PFS Delivers Attractive Financials & 3.05MOZ Ore Reserve
3 months minimum, 6 months maximum from the sounds of things,...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDI (ASX) to my watchlist
(20min delay)
|
|||||
Last
27.0¢ |
Change
-0.015(5.26%) |
Mkt cap ! $634.7M |
Open | High | Low | Value | Volume |
27.0¢ | 27.8¢ | 26.5¢ | $226.0K | 834.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 382803 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 266409 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 382803 | 0.265 |
9 | 276692 | 0.260 |
5 | 130010 | 0.255 |
6 | 130755 | 0.250 |
4 | 97639 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 266409 | 2 |
0.280 | 140000 | 2 |
0.285 | 244979 | 4 |
0.290 | 629034 | 18 |
0.295 | 113000 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
PDI (ASX) Chart |