As we are advised the announcement is not price sensitive.
One thing however that is sensitive to share price is the price of of silica sand. I suspect the tonnage price of US$47.50 used in the Pre-Feasibility Study may be more than a tad lower than prices currently attributed to high quality silica sand. "Blind Freddy" Googling of "the silica sand price" seems to indicate that US$100 may even be conservative and proportionally may well exceed the additional project costs now attributable to the now outdated CFS costs.
Perhaps while we wait for the Definitive Feasibility Study someone with insight into the silica sand market might like to keep us inexpert SHs updated with the market prices of silica sand, including the high quality sand that Cape Flattery seems capable of delivering. Might be interesting and informative while we wait for the DFS?
Anyone out there?
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