New update from RR over the weekend..
"I have an immodest ( large) position here, so I've visited with several people who have substantial new build experience in Chile. They suggest that some of the capex estimates are light. given that capex surprises are usually negative, rather than positive, I'll exercise caution, without infill drilling delineating a starter pit, or until I see how value might surface from the water asset"
Very true observation, capex numbers always surprise to the upside. Something to keep in mind with NPV numbers..
Ann: Hot Chili Presentation Costa Fuego PFS Maiden Ore Reserve, page-422
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