RE:RE:Queue Palfryville ... I see Freddie must have mentioned me Randys1 - I have had him on ignore for a long time as I feel he stopped bringing any reasonable insights here long ago. I have better things to do with my time then reading his latest rant. I spoke my peace last week with "Sh!tty time to be in the market and bringing out a RE" but on review see I transposed the numbers somewhat, my bad…
The RE came out in line with expectations and the market has reacted in line with some expectations. I certainly wish it was better but whatever. Unless you want out short term it's irrelevant from my perspective. Regardless of HF games it is a verrrry important milestone for MNO and the finalization of the Cabacal deal. Some thoughts on it are;
H&S used a pretty low cutoff which boosted the tonnage in a good way, this is likely based on $16.50/tone cost which is friggin wild. Kinda like hitting a 1.8km long drill hole with 60mt of economic dirt 350m in diameter and you don't have to mine it, all you have to do is dig/crush/float to a concentrate which will be salivated over.
The market sucks but the RE is exactly what was predicted by Gilbert & Co and exactly what we needed. Next step is PFS hopefully be year end. Better support would always be more than welcome but it is what it is.