san jose* FVI does NOT need money to build San Jose. They will pay for it easily with cashflow from Caylloma as well as cash in hand right now. There will be no financing.
* The model uses post-tax numbers, as opposed to the shinier pre-tax numbers many companies use
* The model takes into account only reserves. When inferred material gets added, the mine life will almost double. Plus, the inferred material is up top and will be mined in the first few years, but it can't be accounted for in the mine plan due to NI compliance. It will add a few hundred tpd to production for the first four years, as well as lowering cash costs. This will be one of the few mines where costs are lower and initial production turns out to be much higher than anticipated - or, at least, that was projected on paper. People in the know understand the constraints the PFS was under - the market didn't get it - $2.32 is a fire sale.