Great presentation todayFINALLY [ah lee luya] they have informed...

Great presentation today

FINALLY [ah lee luya] they have informed the market of what we all knew, but what we were all expecting last time around

That they are targeting and expecting an ore body of 300mt plus

And, suggest that they may and i think should be able to focus on and produce 2mtpa for 20yrs

So as ive said in an earlier post, NPV we have is only based on the 112.5mt already firmed up as JORC complient

No consideration is given to the remaining 200mt that they'll firm up over the next yr or so [should all be in for BFS]

And economies of scale infer that the bulk of the fixed capital cost has already been accounted for

So valuations from here on in have only upside imp

Im expecting the project to extract an NPV of $1bn plus

Upside to $1.5bn


Time will naturally tell, but by this time next year id be very surprised if the share price is below $1.50;

very surprised