Karoo BFS, page-10

He placed himself on record...so where is the PFS, being the basis of the DFS?

Emerging uranium miner acquires Karoo uranium projects
"“In early 2015, the company will begin its definitive feasibility study to be used to raise the debt finance and secure sales contracts for the delineated resources by 2016. Peninsula hopes to start construction in 2016/17 to commission the mine to produce uranium by 2018,” Simpson says."
http://www.miningweekly.com/article...er-acquires-karoo-uranium-projects-2014-04-04

I agree this project has the potential to be very significant, however the timelines stated above are not going to happen IMO. With stage two of Lance development, this will also slow down Karoo. I see Karoo as being in production more like 2019/2020 with construction commencement by 2018. Happy to be wrong...

Even more pleased I took up the RI and increased further since then.