pelm1, where are you?, page-5

ausjpn



I have been stimulating the economy around Margaret River. Burp......



The market reaction to the PFS was a lot overdone. If people buy using CFD's or other leverage instruments, that is up to them.



I still believe in the management of this company even though a lot on here do not, there are rules as to what can be said in an announcement that relates to a JORC resource, mentioning multiple "case" scenarios is not allowed. The company reported according to the rules.


I have no doubt that the company will come out with a clarifying statement some time soon.



What is needed is:



The tonnage upside to be explained, if they can ship +40% ore direct, then they can send a lot more ore, the only limiting factor would be the Asian bene plant capacity.



A few more holes will double the mine life. That will change the dynamics considerably.



A comparison also on how much the OpEx compares to others, i.e landed at the end users stockyard. It is no use comparing it with the FOB OpEx of others.







Sad to see a few of the longer termers have sold :(



Cheers ..