GPR 0.00% 2.2¢ geopacific resources ltd

Let’s see we’re it goes, page-3

  1. 836 Posts.
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    The very concise and objective report written by Sprott gives a great summary of the current context!

    https://sprott.com/media/4528/211111-scp-gpr-construction.pdf

    They estimate a +$20M cost creep as did I.

    In terms of an update on the review, it doesn't look to be a long wait which is good:

    "Given cost inflation and this delay, a project review is underway with results to be published once the review and
    final engineering completes on all aspects. That exercise is wrapping up now with outstanding matters
    such as final engineering on the tailings disposal pipe to complete shortly. To mitigate cost inflation, cost
    savings are being worked through also, for example targeting lower capex for the wharf.
    Ordering of
    essential items / on major contracts is to resume in 1H22 once budgets are finalised."

 
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