Interesting the wording in the video was "complete the ramp up of stage 1 to name-plate then look pretty aggressively at expanding to a target of 1Mt pa of production from Butcherbird from the perspective of the concentrate and pretty quickly following that, deliver the PFS and DFS studies..."
If the PFS is in the Q1 2022 (as per 1min 30), that's 4 key announcements in the next three and a half months (Scoping, Name-plate, commencing stage 2 and PFS on HP Mn). Also I had been kinda expecting that stage two announcements were going to follow rather than precede the PFS.
The reference to 44% Mn prices being in the mid-5's which is a nice place to be tends to indicate that inclusive of smelter credits these market prices are delivering a good result, and if its not the Dec 2020 estimates, its fairly close.
E25 Price at posting:
$1.21 Sentiment: Buy Disclosure: Held
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(20min delay)