kalplats are pla and arm on the same page

Expectations abound about the release of the pre-feasibility study on Kalplats. But are PLA and African Rainbow Minerals ARM on the same page. Lewins is very focused on the high grade low tonnage model but what if ARM wants high tonnage and a lower grade. The two models are different and the significance of this is in the Capital Costs.

Lewins model requires a lower capital commitment than ARM's model and suites PLA smaller pockets. The question is will there be a stand-off between the two companies over the different models.

We always hear about PLA's focus and view but very little about what ARM wants and as the project at Kalplats is a JV we should be informed