I was more admiring the historical production of the project and...

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ThePennyChemist

1,611 Posts.

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04/05/20

12:02

Post #: 44418984
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Originally posted by BobbyKennedy: ↑

You may need to rethink this. The proposed plant is only 750ktpa and with grades of around 1.5gpt, it will only produce a little over 40kozpa. Some years may be a little higher as they process slightly higher grades but they certainly won’t be spitting out 70-100kozpa.

I think a few people here need to reset their expectations of what will happen when we recommence trading. If it’s just the metallurgy test works, then I don’t expect a mad rush into the stock. We already have superb results so I struggle to see how they’ll be that much better as to warrant a buying spree. Then there’s the PFS. Anyone with the capability will have already modelled rough numbers so I really don’t think we’ll head to the moon based on the PFS. It’ll stir some interest for sure but it won’t open up like some here think it will.

The outlier events will be the bridging load that James referred to or some other type of financing news. IMO that will be what sparks some interest.

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I was more admiring the historical production of the project and how viable it was then, meaning it is likely still a very viable project with today’s tech and processes (tho I do not know how much these would have changed as I’m not an expert in this area) this will surely be on the mind of financiers.

ARS Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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