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0.00% 1.2¢ pluton resources limited

Question for the FA ore expertsAnnouncement says:The Stage 4...

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  1. CoalKing
    13,244 Posts.
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    31/01/13
    18:31
    Post #: 11361220
    Question for the FA ore experts



    Announcement says:

    The Stage 4 Probable Ore Reserve is 1.2Mt @ 68.5% iron.

    and

    The prepayment of US$23M relating to a 1MT off-take agreement to assist with working capital received.

    and



    Does this mean stage 4 is currently only worth 25 million until the rest is proven up?

    Cheers in advance

    CK
    PLV Price at posting: 20.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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