oh i get where you're coming from. the PFS likely is 99% complete, the mine design, processing plant etc. However, now they'll go back and revise the resource and a few shafts here and there.... which will flow through to the financials as costs, but also (hopefully) a much higher rate of return. Hell, its probably worth running the numbers again with the falling AUD.
that said, i 100% agree with you that any formal document would be better then no document. Personally, i would have drawn a line under the current resource, published the PFS then moved onto a DFS that included the additional drill results noting that these can take 12 months. Unless of course the indicative PFS wasn't "amazing" and this will help juice the numbers, noting it's alot of underground mining.
God knows at 30m mc, the market has relegated this to the boneyard. At current MC raising additional funds for future campaign drillings will become problematic, so they need to get it up..... half wonder if this will be proven up to a certain level of economic viability and then sold off to a major hence the making the PFS as big as possible?????
Its worth asking the co, if anyone has a relationship with them.
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