regarding the JORC for PLV. I don't think it will take as long as UMC's one did. UMC deposit has complicated geology. This is good because it leads to high iron ore grades, but it means it takes a little longer to drill the holes required.
PLV has simpler geology so would require less holes for an inferred resource.
Personally I would like to see a far more aggressive drilling campaign by PLV, involving infill drilling in this calendar year. Why do we have to wait til next year for infill, and then a further year or so for approvals etc... Get it out fast I say!
UMC: Quality + Quantity + Location PLV: Super High Quality + No Transport issues + Experienced Iron Ore MD.
Joel
PLV Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
