I would expect us to go straight into DFS stage, no point...

I would expect us to go straight into DFS stage, no point wasting time and money on earlier studies, as everyone knows this will be a profitable mine from the MRE and initial mets alone. It's what all the great resources do.

You only do scoping type studies on marginal stuff, where the SP doesn't go up much, to see if it's worthwhile spending the cash on a feasibility study. Where the market clearly identifies a great resource, by an explosive Mcap upon discovery and resource drill out, the plan is always to get to mining ASAP, via DFS/BFS.

Even assuming the initial MRE came out only HALF of my conservative estimate, so around 10Mt of 2.5%, inside a total of 85Mt of 1.1%, we still have an outstanding resource that smart management (which I believe we have in spades), would take straight to DFS.