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Ann: MOU Executed for Existing Shaft & Infrastructure Utilisation, page-6

  1. 92 Posts.
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    So the take out for me here if I am removing all of the fluff is we have a focus being put on a PFS of a "non binding" agreement (currently) which will create and a 4-5 month delay.

    The June 2023Ohmgebirge on time and on budget document - released on 27th June indicated......
    The PFS scope includes the analysis of options to limit peak capital requirements of the project, while retaining
    attractive overall economics. This includes not only brownfield options at Bernterode but also alternative
    approaches to capacity design, including a potential phased approach to the capacity build-up.
    "

    I am all for accuracy in the delivery of a PFS but Sounds like the magicians have been at work determining ways to announce a delay in a timeline.

    Now if this was a confirmed binding agreement - I might have a different view.

    Is this another milestone box ticked? Or to coin a phrase from Gigachad, is this a delay where they are just kicking the can down the road a bit longer?

 
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