I doubt we will have a further 20 k metres of drilling. I understand and media articles refer to aybe additional 5 or 6,000 metres. I dont see the point but naturally we would love to know whats in the other areas.
we would possibly place ourselves in in reserves and the SH's would then be thinking a CR is going down soon. I know NF doesnt want to bend over for 15 cents.
If we are going mining, which is NF's intention and he words were fair dinkum when we were in discussion, then why spend funds further on drilling when you have a world class defined resource already? Plus, the SP doesnt seem to respond on drilling news currently.
I feel we are advancing to a DFS over the next 8 months and this SS will bring interest in JV's or pre paid offtakes rather than a TO IMO.
For SH's, the best value would be good steady average yearly growth and start producing in quick time. From start in Jan 17 to mining may well be 3 to 3.5 years (PlS was 4 from memory, but have a lot more red tape hurdles). producing is a time when To's could attain much more significant value and we can look at the NPV of 10 MTPA of ore as indicated to be the ramp up production figure over a number of years. If PLS has a 5 bill aprox NPV then what would we have with all our positives and maybe a conversion of the spud down south. That could be well above 8 bill NPV in just a few years. Massive income providing great expansion { and I heard a Vagas style operation or city of dreams will be will be set up in the DRC to cater for the massive influx of expats working there due to very low unemployment figures in the DRC. }
{ } indicates information not readily available and could be fictitious?
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