Regarding Juruena, the scoping study and the final investment decision are to be basically made at the same time. I also note that project construction begins in the second quarter. So obviously management have already made it's decision that they will mine Juruena and will by-pass any further studies and will concentrate on production ASAP. Also it seems they've got Capex already covered somehow, or they wouldn't be so brazen or should that be optimistic with development targets. How though? World bank? Partnership? Normal loan?
Sentiment changed from hold to buy.
CAS Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
