Just having a look at a few other comparison projects including G6M update from yesterday. Throws up some questions.
Why is the Underground capex called Deferred? It's a significant amount $61m. I have heard stories for a long time that it's unlikely to happen. Looks like the company are inferring that as well.
However, It makes up a reasonable of their NPV as it's 6 years of their 14 year mine life.
While I'm questioning things. Almonty has released an update today that looks nice and glossy. Only problem is they have only completed 25% of construction. In their ASX listing prospectus in 2021 it said they would be starting production by end 2021. Now it's moved to Q3 2023.
Looks like supply risk is becoming a problem at a time when demand is increasing.
EQR Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
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