Given that the plant is sitting there there is little downside in processing the ore from Vertigo unless we consider opportunity cost.
Perhaps they are thinking the returns from another location will bring a higher return. They are well cashed up and have the capacity to acquire if the right thing came along.
I think they going to mine Vertigo but they are just giving themselves as much time as possible to consider something left field.
I find it hard to believe PLY won't want to keep it all going for as long as possible while they are operators.
EXS Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held