Maybe the capex is too high, not enough HG to front load the pfs maybe its just poor decision making. Only CE and the board really know the answer.
To me it seems like an incredibly risky move. If there is enough copper and the pfs looks good then proceed as originally planned. The timing of pfs/CR now means the SP will need to hockey stick up on release of the pfs so we don't experience a massive dilution event.
Unfortunately the very poor record of CE delivery means the market has no faith in any SP appreciation between now and the CR.
$?Bill in a ? Life mine, page-16315
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84.5¢ |
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Mkt cap ! $127.9M | |||
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