I think we need to reflect on the original study in...

I think we need to reflect on the original study in 2021:

"Highlights from the Study include a Post tax NPV (8%) of US$464m and IRR of 31%, assuming a copper price of US$4.00/lb and gold price of US$1,695/oz, which are both currently significantly below currently prevailing market prices. Initial capital expenditure is estimated to be US$253m with a payback period of approximately 2.7 years. The designed mine production is matched to a 2.28Mtpa processing plant which will treat ore with an estimated average grade of 1.14% copper and 0.54g/t gold for the first 10 years of planned production with a C14 cash costs at just US$0.73/lb copper, net of gold credits."

Now there are a lot of challenges to be resolved before they get to production (2027) and will they bring it online on time and within budget (US$253 million), however gold is currently at US$3,350/oz and copper is at US$4.30/lb. Surely with these numbers the payback period will reduce to somewhere around 1.5 years.

The release of the updated Feasibility Study will be a compelling event IMO.