Because it’s not a very good upgrade when you look beyond the headline figures. Don’t listen to the pump brigade. This is also why the SP is now 0.33 up 6.45% despite the pump this morning. Reality is tough. The SP doesn’t lie.
The bigger question is - given they’ve delayed the updated scoping study to February 2022 how will they get finance before then? The short answer surely is - they won’t. Because any financier is going to want to see the financial study before committing.
So, finance no earlier than March or April next year or what?
This whole operation seems covered by smoke and mirrors.
Is anything even happing on the ground?
Ann: WBP's Global MRE Expands 724,000oz to 4.28Moz at 4.58g/t Au, page-73
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