I suspect the initial numbers are not that bad at all pointing to a decent SS.. however the macro picture seems to be that cobalt is on the nose, and the cobalt price is reflecting that...
This takes me back to my topic of the assumed price of Cobalt for any study going forward... it will need to be a fine balance of conservative enough so that the investors do not run for the hills, and delivering potential profits high enough so that investors do not run for the hills.
The decision to hold off on the SS with the potential to deliver a far better version (or higher standard of refinement) was wise... let the drop in cobalt have a chance to pass, show upwards direction yet again.. and then release any SS / financial study/modelling.
Ann: Further Testwork to Enhance Opuwo Scoping Study, page-501
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