It is my understanding that the delay was that the ASX insisted on revised PFS level economic projection estimates to be used for the Ore reserve .
The company believed the 2019 DFS numbers with a variance was sufficient for an ore reserve upgrade.
Given TMT was at pains to say that the economic numbers would be real as part of an implementation/development decision later in the year, I tend to agree.
This is for an ore reserve not for a feasibility study!!
Having said that an NPV of near $1 billion is still bloody handy.
Yes there are cost overruns as per industry average but I like that they have put in conservative inputs and as Ian highlights the capacity for significant optimisation
It is my understanding that the delay was that the ASX insisted...
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