looks like about expected response after reading through the report.
cap-ex high but not eye watering. about expected given current environment and what others are publishing at the moment.
a bit light on for LOM inventory and grade from what i had expected. probably my biggest gripe.
ug mining costs look aggressive at first glance. processing costs probably ok given they should hopefully have cheap power.
they seemed very confident that they could get the debt component financed on the call.
a bit of chat about exploration upside but dont show anything to demonstrate it - another bugbear of mine.
overall not horrible but didn't set the world on fire. hard market to release studies into currently. is 170M EV too much for what they have/where they are? i don't really think so to be honest.
also note all financial outcomes are 100% basis - not 84% or whatever it is that Sotta mining actually own od the project
Ann: Investor Presentation - Nyanzaga DFS, page-3
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