I wouldn't say that nothing has been accomplished. There seem to be a few vultures picking around and shaking up some of the long term holders.
They have given a new deadline of one month for the PFS, so that is only really 1 month later than planned. But it feels like they are responding to the market with that announcement and I think we have to be a little more patient. Native title was only due in 1st Quarter 2017, so it may not be too far away either, but again I think we need some patience.
Process design and technique are integral to the Feasibility, so you can see that this may have delayed things. Extracting the most from the ore at the lowest cost is the key to building the best possible PFS and getting the project moving. You can see via the new MD's letter that this is what they are focusing on.
If "Digging and drilling again and again" is necessary to progress the project, then that is what I expect them to do. They have achieved some resource upgrades and I agree that they haven't had the company-making offtake deal that we all wanted to see, but that will come if the PFS is strong. I am keen to see what happens over the next few months and I don't want to sit out at this price. Losses only exist on paper and I'll be buying more when I free up some cash. If you want to sell or need to sell, then go ahead, it will only make it cheaper to accumulate.
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I wouldn't say that nothing has been accomplished. There seem to...
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