Hi @CJTJ, according to the latest numbers in the investor presentation (which you've nicely highlighted)....
- $11.9M plus ($4M to $5M) Working Capital = $15.9M - $16.9M
Estimated costs associated with a mining operation often end up being more than expected, but usually they end up being a lot more than expected.
An interesting aspect about the numbers you've highlighted is that Management were suggesting $15M - $16M will likely be required (according to the Scoping Study Update announced on 31/10/22), but in the latest Investor presentation announced on 05/11/22 they're now indicating higher cost numbers of $15.9M - $16.9M, so there seems to be a mysterious (but rapid) $0.9M cost estimate increase in the brief space of (4) days.
Scoping Study Update (Oct'22)
Hi @CJTJ, according to the latest numbers in the investor...
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