Funnily enough the delay, assuming it gets resolved positively...

Funnily enough the delay, assuming it gets resolved positively of course, could well work in Kentor's favour.

During the delay, the $AUD has been strengthening strongly against the $USD, while $AUD gold price has pretty much kept pace due to rise in $USD gold price.

The rise in $AUD will have very positive ramifications for the capital expenditure costs in $AUD given many of the big ticket items still need to be settled. The move in the last few months has been around 10%, which while it might not sound like much, when looking at original estimated CAPEX of $96MUS, a 10% move in $AUD strength results in a significant saving (although some of that $96M probably already spent).

I would not be surprised if Kentor outlaying around $13M for Jinka is possibly partly due to this saving.

Cdchi1