Throwing that sort of coin at it, one would expect the project to be on (before) time and ramp up to be smooth as silk. Instead, at over triple the price of BH, it was 6 months behind schedule and ramp up was dismal, eventually admitted it was too hard and changed to the staged approach, similar to what A40 has taken from the get go. Bit late for that now though the money is spent.
Its been tough across the board.
PLS is a great project though and performance has been quite good.
I have no doubt it will bounce in time………..to $10 supposedly.
Just in regards to positive announcements etc, I done a post in the past comparing the ramp up of the 3 outfits. The timelines have elapsed and the results are in, based on this post.
PLS should be 330kt but we won't split hairs, As per above;
By approx middle of Nov PLS had shipped approx 30-34kt instead of the 60kt comparison
By the middle of December AJM have shipped 10kt or 15kt instead of the 41.25kt comparison.
So A40 ramp up over 4.5 months (using low grade oxidised ore) was approx x2 better than PLS and X3 than AJM. Of course this is only the beginning and more improvements are needed but not too bad a start.
Almost all metrics looked at between these 3 there is one that always finishes clearly last………...HODL.
