Didipio capex is rising and their is a strong likelihood that...

Didipio capex is rising and their is a strong likelihood that there will be yet another share raising. Outside of someone being shot on site, there is a poor recent track record of development success in the Philippines with Lafayette mining (almost going) broke. Didipio is now the test case!!

While the price of gold has been rising, this company has missed several NZ production targets and simply with it's high cost structure doesn't make a lot of money. Rising production costs, missed production and increasing capex is behind the expected funding shortfall for Didipio as mentioned above

While it may look cheap on a gold in the ground basis, the ounces are low margin, so not directly comparable against others.

There is still very real risks behind this company delivering