Splinter Rock - Prop Prospect, page-7

Absolutely they could buy on market now IMO.

It is very hard to read.

Probably re-rate and settle around the 30c-40c range. MC around $30-40 mill seems to be the next level up. Obviously we would babe hoping for a 50c-60c spike but I am not sure it can do that is this environment. People are well down from the initial spike up to 60c+ and may be hesitant to buy up closer to those levels again.

Met tests does not indicate economic. So it's just another step forward. I think the Scoping Study will show where this is heading. Grade x basket value x recovery rate and we will know where we stand.