General discussion, page-831

LTR was sold down today after releasing their DFS.
The capex increased 45% due to inflationary pressures in the resource sector (AFR)

Their PFS was done Oct 2020 around the same time as our DFS.
While I think our capex will increase due to these pressures & some changes to accommodate stage 2, I doubt it'll be any where near as much as LTR incurred.

Australia and especially WA has seen massive increases in mining costs, mainly due to lack of skilled workers. In WA & QLD where most mining occurs, we can't bring in skilled workers from overseas, can't even bring them in from other States. With the resource boom & restricted labour pools inflation is the inevitable result.

Luckily in Africa we don't have that problem. Yes some costs will go up mainly associated with increased energy costs, however we'll escape the bulk of cost blowouts occurring in Australia, and any cost increase is shared 50/50.

Maybe they will accept over subscriptions.

Who knows, maybe the African discount will go the other way.