I think rather than a revised PFS (PFS should be about starter pit only, you have to rule it off at some point and plan the implementation of the production start up), we would be well informed if they could put together a scoping study on some or all of the prospective underground projects.
That would give both the professional analysts and ourselves a chance to work out value, which I for one believe is substantially above the current analyst values of 40-45c.
The PFS of starter pit should have a very attractive AISC and the only risk is that we will end up with a larger plant due to the increased resource that has been found in the past few months. However, they could just take the path of making the plant upgradeable?
MYL Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
