it is what it is now… I hope they can recover from here and thrive… but I call bullshit re rates going up two to three-fold. What rates have gone up x3?? We’re talking RATES only!
The scope was severely underestimated when they made a decision to go to 20mt pa. It’s genuinely disappointing.
take for example the below re tailings. And this risk was raised for 10mt pa. I don’t like bringing this up... Now to resolve this risk, there are very very expensive engineering scope change requirements. No doubt contributing to the blowout.
what management should gave done is concurrently kept both 10 and 20 mt BFS options running. They got too cocky without being adequately informed imo.
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