If they had to put on a TH due to yesterday's selling late in the day, it probably is for only the 2mt/a plant.
High graded though, it could still produce 650kt/a of concentrate. Then down the track double the plant size.
PLS only has MOU's with unknown companies, hopefully we get some names, but somehow I doubt it.
The neighbours are going to release their FS (probably PFS) at the end of March. They only have a mining study so far, that everyone, myself included thought was the PFS.
I'm not that sure we will get a large lift from the PFS, but NB will certainly talk it up in Perth on Friday and around the country in the next 2 weeks.
The interesting aspects for me will be what price they use for sales, considering GMM just did $US600 for 5.5% concentrate. Mine strip ratio, and obviously cost /tonne of concentrate produced.
Ann: Trading Halt, page-54
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