RE:technically, I think it is getting much stronger.Atlantic Gold has enough problems as it is, already shutting down three of its mining projects .
Looking over the FS, given inflationary pressures , the initial capital would be easily $400 million versus $271 m in 2022.
Options to avoid these huge capex and extended time to cash flow would be to install a crusher on site and a ore separator .
This would reduce the amount of gold ore that would need to be transported by 50% to a milling facility .
I dont know how that would be perceived by local residents en route to the Atlantic gold mill.
I recall that one option for the early plan was to ship the ore to the Pine Cove mill.
50,000 ton Panamax carriers come empty to Point Rousse and leave full of aggregate .
The Mine is very close to the harbour but I don't know how accessible to such carriers that Harbour is.
A high POG does help but there arnt a lot of buyers out there who are prepared to take the extended risk of the cost of building a new mine and waiting 5-6 years for cash flows to begin.
GLTA