Delayed Fesibility Study?I just got back from Vacation, and missed the little drop on Thursday because I was driving through FL, GA, NC. Iwas able to read the relase and watched the Crux Investor video.
The general consesus regarding the delayed fesibility study is that we don't want lame excuses. If the study is delayed we will know the reasons why!
Now my take on the reasons. Management was preping for an end of year or 1st week on Jan 2023 release, but the latest press relase stated that a new government program was announced in Nov 2022 that pretty much made the existing work obsolete overnight because this program will allow Managemt to recover a good chunk (30-60%) of the Capex. 30% of $1Billion is not small change, and they'd be fools not to go for it. This now requires a total re-write of the study, hence the 6 month delay? I only wish they said this in Nov. FES delayed 6 months because a new Goverment program could cover up to 60% of the cost of building the mine and we need to start over!
Is that what you all think?