General comments/chat, page-32873

"So based on the Samso interview, capex is $60M remaining cost is finance and Contingency ( 20% in the DFS max)"

Am I the only one thinking that this is unreal?
Two weeks ago company presents DFS with detailed capex for first stage clearly shown as 93.79 million with 5.46 million as contingency (page 32 and this was not a surprise) plus a few other things (NPV and no BOAs) that resulted in SP going from 17c to 10c today, with many shareholders loosing a fair bit of real money if they sold or like me ending as bag holders for now.

A few days later MD is trying to spin the story that the capex is only 60 million and this is a good thing?
No credibility issue at all?





Actually if you listen to the interview he said that the processing plant will cost around 60 million, that excludes all the other costs related to getting everything approved, designed, mine operational, roads upgraded and everything else.
So maybe we shouldn't go with the 60 million capex spin.