While some good news has been relased the dampener is that "the engineering study on its Tanjeel Project has identified significant capital cost increases...."
That "...the development path for the project, upon which the feasibility study is based may no longer be optimal..."
TYC has decided to "pause the definitive engineering study while it reviews the essential parameters of the project to take account of the new cost structure.."
TYC added that this is expected to take about three months.
TYC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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