When @Foxy 44 posted on 25 March 2022, the planned schedule was mine infrastructure construction, mine construction and mine commissioning on 1 Jan 2023, 4 Apr 2023 and Q1 2024 respectively. Now it is Apr 2023, July 2023 and Q4 2024, meaning a slip in mine commissioning of 9 to 12 months depending on whether it happens near the beginning or end of the quarter. Options that looked like good value then are looking very shaky now.
The planned upcoming news flow should help raise the share price, but by itself doesn't look like enough to get the price above 13c, which is necessary for options to be worth something useful. I think we need something new to get us over the line, like a significant rise in precious metal prices, a dam dispute settlement, or the lifting of sanctions against Cuba. Or even something not easily foreseeable. Here's hoping.
Ann: Updated Scoping Study Nearing Completion, page-8
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