straight through that long term 49c support. there will be loads...

straight through that long term 49c support. there will be loads of overhang now. can't see this recovering anytime soon.

but on the fundemental side - there is now very little idea on the whole project imo. i interpret the announcement to say "we don't know what we have"

do they have 51Moz resource or not?
do they have 15Moz reserve?
what is their grade?
where is their ore?
what are the costs?
what are the recoveries?
what are the production rates?

this has basically blown the entire project up for me. one thing is certain is they have a big processing plant and a bunch of debt. is this the point where they realise that the project never should have been pursued?

i mean does anyone remember seeing any robust subsurface technical modelling on the orebody??

ugly, ugly situation, investors. glad to be clear of this for now.

good luck.