Ann: Africa Down Under Presentation, page-11

Above all, TIE is just lucky to have locked in most of its capital costs... as the price escalation is incredibly damaging to projects that hope to be developed.... In just 1 year, a developer I watch, as seen its costs increase by over 60%.


TIE is in an enviable position, even if they do need to raise a bit more capital due to the huge price increases.
Mid tier producers are going to be finding it very hard to find ways to expand their production profile.... though, I sincerely hope TIE stay independent, and instead, do what most other producers don't do, and that is buy early stage exploration projects. So many on offer in West Africa, crying out for capital (and hence, can be snapped up for peanuts).