Looks like $650 which I am not sure is USD or not, PLS is expanding to 1,000,000mt a year soon. MIN expanding. Chinese miners apparently pressing on at all costs.
Just opening up a discussion point but if we don’t see demand outstrip supply these larger players will be keen to flood market and bankrupt smaller producers. CXO and GL1 etc are screwed id say.
On LRS the triple zero status may become more valuable and our cost of production came in low all be it not exceptionally low. Was thinking about it though and let’s say resource does double most of this will be due to less inferred and more measured of the same resource and ground that was in the PEA. Hence it could mean LOM goes up 50% but tonnage doubles and also means strip ratio drops to 12-13 say and costs come down to $400 USD because more is being extracted for the same work essentially now that under ASX rules it can be included.
My main concern is the comment re impurities and general mineability due to the thin pegs however am sure this would have been factored into the PEA and what not.
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Looks like $650 which I am not sure is USD or not, PLS is...
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