Looks great to me .. all speculation on values of resources...

Looks great to me .. all speculation on values of resources ...as we know miners don't produce from resources but JORC reserves ...but first we need to see just how BIG this Park reef is so much more exploration - infill drilling ...then bring on the PFS

PFS Objectives:

• Development of Pre-Feasibility Study as per international standards based on JORC-compliant Mineral Resource and Mineable Reserve Estimate; establish various scenarios for the project development and select an optimum scenario based on technical and economical considerations including:
• Implementation of processing testwork on representative drill-hole samples and beneficiation process tradeoff study;
• Mine design and mine development tradeoff study;
• Partnering with strategic investors for financing and development of the project as well as IPO.

PFS Stages:

• JORC or NI-43101 compliant mineral resource and ore reserves estimate;
• Infill exploration, 3D geological modelling; a mine development design and a mine production schedule preparation;
• Representative process sample selection;
• Laboratory process testwork;
• Key design criteria definition;
• Metallurgical balance, definition and selection of major equipment;
• Process flowsheet design;
• TSF preliminary design;
• ESIA studies at PFS level;
• Project area, mine and smelter complex general layout;
• CAPEX and OPEX projections;
• Tradeoff studies (mining method, processing alternatives etc.);
• Financial analysis.

Then DFS

Definitive Feasibility Study (DFS)

Definitive Feasibility Study was completed in May 2020.

DFS objectives:

• Preparation of comprehensive technical and economic reports and project data as per requirements of Western financial institutions for the project financing purposes;
• Final validation of technical and economical feasibility and viability of the project;
• Generation of data sufficient for detailed design, detailed engineering drawings and construction of the project facilities.
• Bulk locked cycle testwork is expected for completion
• Environmental and Social Impact Assessment is expected for completion

DFS Stages:

• Detailed design based on selected optimum scenario for the project development;
• Detailed mine design including year-by-year mine development plan, optimum process flowsheet and mine and processing plant production plan;
• Geotechnical and hydrogeological surveys;
• Selection of representative small size processing samples as per lithological domains and bulk processing samples for pilot plant testwork;
• Final processing testwork;
• Design criteria definition (general, processing, engineering etc.);
• Metal and water balance, equipment selection;
• Process flowsheet including C&I and equipment;
• TSF detailed design;
• Project production area general layout including infrastructure;
• Detailed layout of the mine site including drawings, plans and cross sections;
• Detailed design of power and water supply facilities and distribution plan;
• Construction plan including schedule and budget;
• CAPEX evaluation based on quotation and netcost projections;
• Financial analysis;
• Marketing studies.

Then we can start to bounce some numbers ... even if we see first stage 2Moz aueq JORC reserves = A$5.4Billion Gross..