PLS chart, page-8995

Again Nathan, great post.

Yes the price received is still great on a SC6 basis.

Preparations made for P680/ P1000 with ore on the ROM, owner mining ramping, a company that knows how to build, commission and tweak a plant to extract maximum value.

I note one of the analysts ( not that I have faith in them ) is forecasting production at >600kt. I believe, that is based on the answer to a question on the incremental increase in production linked to a lower SC%.

The money is flowing and if they do pay a dividend, and it is 30c, that is approx' 6% on todays closing SP. For me, I get a 15% tax return on the SMSF holdings as they are still in accumulation phase, so I believe that is another 4.5c on top of that. The year after in pension phase, the entire 9c would be returned making for 39c income per share. Without divulging how many shares I have, that is more than my entire yearly budget and I live a pretty good lifestyle.

To be honest, the ST SP is becoming less of a concern to me. I have been enjoying the TA side of things and learning how the algos ( Institutional computers ) drive the price around. Good knowledge to have if cash in day arrives.

Cannot think of a better place to be, apart from a bit of fun trading other shares. Well there is one I have lumped a bit on.