Ann: US$244.5M Proposed Project Finance Package, page-135

As per previously shared links, if anything the current situation increases the likelihood of a takeover offer.

The Vares Silver project has now been de-risked as it is fully funded, local approvals have been received and the company is held in high stead by the national government as it will making up a large portion of the country's GDP.

SFR has always been a roadblock for any companies interested in a T/O offer as they held ~16% of the shares, making it relatively easy for them to block any undesirable takeovers or request a large premium for their share. Instead, they've now been bought out of their holding at a substantial discount and those shares are now fair game for institutional offer (if you believe what has been previously posted, these were split between two separate institutions). As of the distribution of the shares a few days ago (pending any broker data for the last few days), no single entity held greater than a 10% share of the company.