The in situ value of Peru my improve the SP in time and even...

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.