monkey buy at 57.5/58, page-51

The in situ value of Peru my improve the SP in time and even then, their pre BFS implied OPEX to be an astonishingly low US$16.50 per tonne.

However, their main game atm is IMO, from a Singapore/China perspective is the Berua Project hence the the execution of 2 heads of agreement for the sale of a total of 2.4m tonnes of coal from its Berau Coal Project to Taiwanese manufacturer Formosa Plastics Group and the China National Building Materials & Equipment Import & Export Corporation. A significant stake in the company from the "Chinese" may include further off takes/JV etc and today's buying IMO implied potentially well connected investors as it tended to have mirrored the REE buying of late in it's general pattern.