Agree. Although the direct impact of a Tabba Tabba commencement in mining may be less than $0,01 it confirms a transition from explorer to producer. Considering that most explorers never turn a single spade of dirt this is significant. It will confirm management's ability to transition from drilling, modelling of resources, negotiation of off takes through to production and sale to mineral houses. Massive. Further we now know where the mistakes were made with Tabba Tabba so i'm assuming a much quicker turnaround for Pili.
Valuation at 25c by Beer & Co, page-90
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$2.88 |
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