"Am wondering what price our board might wish to see to actually...

"Am wondering what price our board might wish to see to actually initiate material work?"

Good question. I've maintained that, sans a revised FS with improved costs (leading to lower revenue hurdles), it will be at/above a price that meets the July 2018 published DFS revenue assumptions (in AUD). Not difficult to derive and easily found by trawling through old posts. So far that rationale has held true/consistent with the Board's lack of FID commitment, but that might simply be due to correlation rather than causation. Since they're not telling, educated guesswork is all we have to go by...

Side Note: Having read much of PAN's previous reporting under PH's helm I have formed the view that I like his communication style. Naturally there will always be internal info that cannot be disseminated to the wider world, but in general, I found his style to be more forthright and clear-speaking than one so often sees in official corporate comms from ASX listed entities. I'm hoping his style will continue and the comms culture at POS will improve on his watch - notwithstanding that it may, in large part, also be governed by the Board's culture.

[Correction Edit: Actually, it was difficult to derive because it (the DFS) contained (confirmed) material reporting errors. ~AU$10.13/lb was the modeled revenue target to achieve the modeled performance metrics.]