as far as I can see there is a simple scoping study done by professionals - they are crystal clear back in March 2021 - a loooooong time ago
….
some highlights…“ due to the scoping study accuracy of the cost estimate and percentage of lower confidence inferred mineral resource, net present value and internal rate of return have not been publicly disclosed- gold price used 2285aud- project cost estimates have been prepared to a scoping study level of accuracy approx +~50 percent! Cost estimates based on combination of quotations, benchmarked costs and other typical industry standard estimation factors ((( that was march 2021—- of course refer to costs being incurred for everything since this scoping study)
As the project is a scoping study without ore reserves there was no requirement for a site visit- cost estimates are required to a pfs level of accuracy- all material mortifying factors are at a scoping level and require further work to achieve an accuracy sufficient to support and ore reserves - the scoping study was conducted under the guidance of mr day
the info goes on and on
So raising capital again - blowing stuff up- buying plants now just they said the other month it’s small processing plant was almost complete- absolutely no clarity or disclosure on estimated
Costs of Production is a recipe of future disappointment and further dilution
Rolling the dice alright imo—- if you believe this plan- you’ll be happy with even more dilution in the future imo
TBA Price at posting:
5.0¢ Sentiment: Sell Disclosure: Not Held