It feels like they are doing everything to pump share price right now!! Their PFS was for 10M tonne per annum now proposing 20M tonnes which is impossible as they don’t have the supporting infrastructure right now to do! Followed by initiating a report stating a fair price of 87c share on the basis of 30% NPV ( I thought 10%) was fair given the risk of funding etc. Seems like they are trying to shoot mgt down as they release inaccurate information re: breakeven costs per tonne as well as slam them for starting slow 3M tonnes per annum with low Capex. Maybe they are worried Mgt will get a better funding deal?
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