Capex Increase related to inflation is $65M which is 20% Per Presentation
August 2022 Cost to Complete assessment of C$470-$490M (C$305M in April 2021 FS) • +37% of increase due to 20 months of Inflation • +25% of increase due to capital reallocation (sustaining to initial) • +38% of increase due to scope (28 month build compared to 22 months)
The inflation portion of the capex increase is $65M which as a percentage of the original estimate of $305M is 20% which is in line with what other companies have reported for inflationary increases like Sabina and Skeena and ties to the number communicated in the spring.
$44M is the capital reallocation which is nothing but an accounting exercise. No new funds required.
The other $65M is from increasing build timeline by 6 months.
Communication of this change could have been a lot better.