As a long term holder i'm obviously not happy with the delay but not toally dissapointed. I'm still confident that Timeone will commit. Why would they have wasted all this time, dollars and effort this far.
Here is what i am happy with;
• Mine Life increased from 11 years to 21 years.
• Production of 141Mt of pre-concentrate estimated to produce 72 Mt of final concentrate product.
Expected to increase from isthmus and cockatoo AND OTHER IRON UNITS IN THIS AREA.
• Estimated initial capital cost savings of A$54m from increased 3mm grind size
More costs savings from Chinese sourced equipment. Such as , preconcentrator and power plants that HAVE been sourced by Timeone.
Learning lots of patience with this stock. Time will tell what else i will learn...
PLV Price at posting:
21.6¢ Sentiment: Hold Disclosure: Held