G'day all,
While we bask in the glory of finally reaching a $1+ SP, I thought I would make a note of some important things that have happened recently and some will occur in November
This is coupled with some things that are likely to happen in the near future sourced from @Andyrooo earlier in the month.
- Mining starting in the 3rd week of November
- Non-binding MOU with LG Chem for a downstream processing facility in South Korea
- Improved results from Heavy Media Separation program compared to DFS
- Offtake Agreement and $28M Equity Completed with Great Wall.
I think both these lists show the strong position that PLS is currently in. These items are all significant, and I was impressed with the Heavy media separation results as this potentially reduces operating costs and improving profits over the long term. I also think that the non-binding MOU with LG Chem will be really important to company growth if it comes to fruition and may potentially put us in the ASX100 in around 3-5 years.
- PLS admission to the ASX200 early December.
- ATC approval to access and drill Mt Francisco granted early December.
- Accelerated drill program for My Francisco early CY2018.
- 2mtpa Pilgangoora mine commissioned early Q2 CY2018.
- 5mtpa DFS finalised and FID confirmed
If you add production coming on-line and first shipments to suppliers over the next few months, then it is a really exciting time to be a PLS holder.
Cheers, TCS
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