I did not expect the share price to do much when this was announced.
Anyone remember what I said would happen under the new USA administration ?
Oh that's right, I got moderated for off topic in talking about a totally on topic subject that would effect the company.
And it is in regards to the below from this announcement.
Have a look at the cost blowout, and how much extra establishment time this will result in ?
Bottom of page 2
In addition, an environmental, social and governance review of the Project identified areas for improvement and these have also been included in the updated PEA. These changes have contributed to a 14.7% increase in capex estimates to USD203 million
Can I say thankyou Biden and the Democrats for the almost extra 30 million US dollars in costs.
Anyone who understands the difference between the previous administration and the current one, would know that the bulk of this extra cost would not have happened under the previous administration.
A Tetra funding agreement will change everything in regards to what investors think.
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