Surprised to see Pluto retire the receivers and talk about returning to trading. I would delay the return as long as possible under the current market conditions in order to maintaining SP.
Besides the 50% interest in Cockatoo resource of 28mt what else is there, that would encourage investors to return to this company ? This mine has been operating for 62 years so in theory given the area you would think there is not much close to the surface stuff left, operating costs would surely increase. Good location for shipping.
Column 1 0 1.1Mt Stage 4 Probable Ore Seawall Hematite Indicated Mineral Resource 11.1 Mt @ 66.6 % Fe
Total Mineral Resources increase substantially from 14.2Mt to 28.0 Mt comprising;
Seawall Hematite Inferred Mineral Resource 11.2Mt @ 66.6% Fe
Highwall Inferred Mineral Resource 5.7 Mt @ 40.3 % Fe
Ann: Pluton Retires Receivers, page-15
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