dfs is out, page-4

Hi Go Nuke,

The Project NPV range of $2.3-2.6 Billion is a substantial improvement over the $1.4-1.6 billion in last year's Preliminary Feasibility Study (PFS). This is partly due to a higher long term spot price for fines, but also improved internal project economics, such as better stripping ratios etc.

RE: rail - BRM gave no indication prior to this that a rail announcement would be included in the DFS, although I note that some posters here would have liked it.

All up, there is the project is still alive and in better shape - the imperatives are for rail and finance options to be prosecuted with vigour.

As to the impact on the Share price today - who knows, bu