I am particularly amused to hear the "no fatal flaw" song again. I bet some of the posters here hadn't yet heard the name Gippsland when it was played the last time.
"In late November 2008 the Company announced the completion of a definitive feasibility study prepared by engineering group Lycopodium. This study revised the estimated total capital expenditure to US$173 million, an increase of approximately US$48 million over the previous November 2007 estimate. This definitive feasibility study also significantly revised upward the estimated annual operating expense. Also in November 2008 the Company announced the independent technical due diligence review of the definitive feasibility study by Coffey Mining on behalf of KfW and DEG has been completed (and which identified “no fatal flaws”)."
Are we going to hear this song again in 2018 and will a disillusioned Bobsa then explain to some enthusiastic newcomer that this story, well, can take a surprising twist?
AR1 Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
