Ok guys, let's make this clear the Maiden Ore reserve was a necessity to be released before PFS, it is essentially the 3rd party sign off speaking to the figures that are displayed in PFS, it is also an extremely important step in acquiring funding, off take agreements etc... and should have been treated as a part of PFS but instead was misinterpreted as a temporary substitute...
If we released PFS prior to the maiden ore reserve, there would be no substance to PFS as it would essentially be nothing but managements opinion and subject to further scepticism.
Yes it took a couple days longer than expected for sign off to finalise, but the result was the same fundamentally...
Yes we saw a sell the news scenario (not uncommon btw) but it happened when we were already undervalued and in turn providing a basement buy op, for the next years endevours (muster dam exploration program, infill drill program to expand resources and current PFS, NextOre BOST and DFS...all due in the next year!.... plenty more value unlocking catalysts to come... the last 12months saw 8000%+ returns and now we have a outlined pathway and an even further derisked project
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Next for those that are annoyed with the layout of Capex/Opex figures etc... and are wondering why it is presented like this?
The answer to that is quite simple... its not for you... the PFS is layed out for the demographic of those with the potential to fund our project... not retail, we have enough retail... and let's be realistic retail isn't going to cover $500mill to see this through...
To be blunt if you have trouble understanding it, DSMR...
IMO the only reason you would be worried about SP right now is if your intention was to sell on PFS... otherwise you would realise how undervalued we are given our PFS figures and you would see this as a great opportunity for accumulation, before we run back up to retest resistance (FYI that was recently @ 9c range)... good luck to those who sold and well done to those who take advantage.
Kind regards
ALWAYS IMO DYOR GLTASH.
(20min delay)