They said "the company anticipates that amendments will be required to the funding arrangements" so I assume so. The increased costs likely include:
- Project delay costs - COVID Management plan costs - Wharf reassessment and potential upgrade
One can only guess at the overall costs of the above mentioned, perhaps $20M? The great thing is that GPR was financed by Sprott, so funding likely won't be an issue, the question would be on what are the terms?
A reminder that none of these issues were a cause of any fundamental issues with the orebody or any geopolitical situation. Tim Richards will be boots on the ground over the next couple of months to tidy things up before construction again commences.
Looks like the market has already priced everything in already lol Priced like a junior explorer with a 300koz resource!
GPR Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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Priced like a junior explorer with a 300koz resource!
(20min delay)