Plant is only nuts and bolts and tanks. Only bits outa Cawse and were pretty standard methinks. Dont think thats the prob (?).
Maybe decided last minute we need to add something to process circuit ... something like that might better explain time/cost increments suggested IMO (?) That would also explain "suddenness" as well (?). But we shouldnt be speculating about this. Details need to be disclosed ASAP to stop the bleeding.
Meanwhile take a step back and work out how much such cost /time might reduce NPV by ...... say, 50 cps ? Yet we have come back 2 bucks since wavelet highs. Bit overdone?
Anyone taking long term look at this resource base and the likely continuation of Chinese demand might be taking advantage of this with thanks. I mean 460 mill F/D cap now? We know both base metals and uranium resources are likely to be upgraded significantly from mostly 1999 figures current and based the extensive drilling going on ... and metal prices aint falling away atm.
Lots of factors to consider now and valuation is only what market allows and it aint doing so optimistically atm.
Credibility emerges the key issue now and has to be addressed as absolute priority. Might have to shelve my short-term plans for the Med and instead head with a fishing rod for a mate's caravan park in the far northwest ha. Hate uncertainties creating vulnerabilities.
IMBOOC
CMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
