According to the company, the evaluation of the final three drill holes will hopefully lead to the total resource reaching 1 billion tonnes JORC.
Will the project economics/BFS, size of plant etc be based on the 1 billion tonnes?
Or will PP and ARH reach agreement over further tonnage shortly? It would appear to be in everybody's interest to increase the tonnage available immediately and then drill like hell ( a la FMG/Twiggy) to prove it up and increase the scale of the project/reduce per unit production costs, significantly increasing the project's profitability.
Why would you base everything on 1 billion tonnes when a few moths drilling could increase this to 2 or more billion tonnes.
Just my twelve cents per share worth.
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