Ann: BKT expands PFS to 120,000 TPA allowing for High Grade Zone, page-23

Magnis in trading halt. Assuming to be Western interest.
Should give the sector a lift once the news filters through.
BKT behind Magnis "metallurgicaly" at this point, but otherwise leading the field, and should only improve with the next batch of spheronisation results.

Higher grade ore combined with strip ratios should paint a very favourable picture in the forthcoming PFS.

IMO don't expect an offtake any time soon but indeed look forward to some compelling results which will give more certainty to a commercial agreement when the time is right.

The tide may start to turn now and MNS should settle at $1.20 + if the MOUs are Western, which in turn should see greater strength in BKTs SP.

Don.