Ann: Plant Performance Update, page-170

Reply received from PLS. Regret that I'm unable to copy and paste the content because: "We appreciate you touching base and please treat our correspondence as private."

But I can say without breaching confidentiality that I am reassured by PLS' explanations to the three points raised in my email.

• I believe that there is no preferential selection of ore feed, just the regular ore stock is used.
• The PLS vs AJM plant engineering technicals are beyond me, other than my understanding that it is in the optimisation process, which has been specifically designed for PLS' ore type; and the planned improvement is definitely "getting there".

In conclusion: I am satisfied with the overall reply and am confident of PLS' shiny future. So, I am maintaining my position of Buy & Hold.

FUD'ers will unlikely agree and will want to nitpick some details out of context just to keep criticising ad nauseum. But that's how the world works.

All the best.

P.S.: Thanks, Ken and the Team!