"Using an expansion scenario we believe PSV could be worth...

"Using an expansion scenario we believe PSV could be worth A$0.14, however in our opinion this option would only be available with additional funding."

So can I assume from the above statement that PSV have fine tuned and been able to run their current processing facility to its optimum?
From previous announcements I don't believe this to case and feel that economy of scale is the most effective answer only when they solve their current expense issues.
I can only see a solid rise in the price of Gold and the winding up of a disastrous hedging position as best savior for PSV. If this scenario plays out, 6-15c will be a bargain IMO.
Talk of expansion right now just seems ridiculous.... and disconcerting if the idea was born from an interview with management.

The above are my opinions only. I sold @ 38c and despite the temptation not been back in since.