To me the recent upgrade to resources and reserves far outweighs the slower ramp-up.
While the project is being ramped to nameplate details of future expanded production will (should?) emerge.
It's all a damn good reminder to me for other development projects in.
Also form https://miningexplained.com/the-lassonde-curve/
The Two(ish) Most Likely Times For A Major Miner To Purchase A Junior Miner
The most likely time for a major to purchase a junior mining company is after Feasibility Studies are complete but before construction is underway. This is the optimum time for a major company to acquire the project for the best value/risk ratio.
The second most likely time for a purchase is as construction is completed/underway but operational excellence still has not been achieved. There is minimal risk but still meat on the bone for the taking.
The third most likely time is any random Wednesday. Sometimes there seems to be no rhyme or reason behind boardroom decisions.
All IMVHO.
Ann: Vares Project Production Guidance & Update, page-15
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