Bold choice has been made, perhaps unnecessary the west zone exploration target grade range is quite large, which indicates they don't yet have much of a clue if it will even be better.
Medium grade of the target is 0.12% say it comes in better that wouldn't have an impact on capex or opex, it would simply slightly increase the cobalt revenue each step up by 8%.
Is that increase in revenue worth burning down your share holders short term?
Perhaps it's certainly a gamble hard to think the juice justifies this squeeze, if they numbers are good from the original resource then priority should be publishing them, if your relying on 8% revenue rises to make things work that a desperate situation.
I am surprised there is abit more WTF going on in here at this decision.
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