On the BFS timing....
I think some may want to temper their expectations on the timing of the BFS.
The words I have heard Paul Atherley use in the China Mining Club / VSA Capital interview dated 12th October on YouTube ,
and in the webinar on 16th October were both along the lines of:
there will be" an update on the BFS" in October .
My understanding is that means we will get more key information on what will be in the BFS this month,
however the full Bankable Feasibility Study may not be available until next month.
I suspect the key reason for this is given in the announcement on 5th October of Successful Development of Mixed Rare Earth Carbonate.
In that announcement they state that some of the pilot plant circuits may need to be run for longer to firm up the final results for the MRE Carbonate (probably things such as dwell times, recovery % and final percentages in the carbonate etc ).
The key paragraph on this is:
"A comprehensive update on the Bankable Feasibility Study will be reported towards the end of the month.
Two of the circuits will be required to run for longer to bring the testwork results up to the required reporting standards for the study which will enable the finalisation of the report in due course."
(My bold)
There is no drama with any of this... just as long as we are understanding PA's words clearly.
Especially his comment in the Webinar last night that he expects the BFS to show that Pensana will be "extremely profitable."
