The excellent Helikon 4 drill results suggest that the MRE can be updated to significantly extend the mine operating life.
Combining the expected mine life extension with improved FEED Control Estimates for KEZAD provides an understandable explanation to defer funding and FID decisions until the best data was before the Board.
For financiers or the Board to act solely because a target date slipped due to exogenous factors, would be imprudent, boarding on negligent.
Investors understand the complexity of investing. Traders look as far as Friday night drinks. Each have a role to provide signals to the market.
Ann: Helikon 4 shaping up to materially extend Phase 1 life, page-42
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