Just listened to the BRR interview after deciding to switch off the computer for a day:
"Further drilling will extended the mine life past 20 years"
"we believe we can do a lot better on the capital especially the processing plant"
"added the costs up, conversative on the recovery figures"
Why wasn't this clearly outlined in the PFS. To late coming out with it after the SP has been destroyed because you released the most negative PFS I think I have ever seen.
I understand our potential JV partners probably understand these points, but surely our position is a lot stronger with the SP at 70+c rather then 40c? so why release such a pieace of crap PFS to the market.
Is it purely arrogance/ignorance by Tony?.
Ultimately I should have had stop losses in place so the responsiblity lies with me at the huge paper losses i'm sitting on. I like many placed way to much faith in Tony & the management team.
I don't think I have done my dough yet, however I've lost confidence in Tony and we'll wait to see if this JV comes off to see if he can start clawing it back.
PLV Price at posting:
37.8¢ Sentiment: Hold Disclosure: Held
