RE:RE:RE:RE:RB sed:Alwayslong,,,YAou sure have the penultimate address to the MOZ situation?
Your Comment My own philosophy is high-quality management is key in these endeavours. MOZ's big bosses messed up the permitting process and underestimated costs which led to delays. Interest rates are significantly higher now than they were a year ago and inflation is still stubbornly high. Hopefully MOZ has locked in fixed prices for mine-build engineers and other contractors, supplies, labour, etc. If so, they are in better shape than others given the rise in interest rates and inflation that has transpired over the past 18 months (inflation 18 months, interest rate increases 12 months). Nonetheless, it's going to be a while before they start pouring gold and generating revenue. ARTG, IAU, SBB are roughly at the same stage of a mine build as MOZ for those looking to perhaps diversify a little or change horses. Of course, DYODD as I am not invested in any of these names.
So as to your post. " MOZ's big bosses messed up the permitting process and underestimated costs which led to delays. Interest rates are significantly higher now than they were a year ago and inflation is still stubbornly high. Hopefully MOZ has locked in fixed prices for mine-build engineers and other contractors, supplies, labour, etc."
That is what they did need to conclude contracts close to the expiring date with major suppliers like Caterpiller prior to financing, now in the plan, finacing sucured,done deals.
Permitting delays represent formidable delays with all issues in NFLD. Moz has done an exceptional job of including all peoples in NFLD ,wildlfe and in future management of the project.
Like most people here we fear dilution. It is what I know and from what I see been servicing the mining companies many years and looking at today's expendatures, the costs of materials are through the roof.
Easy to fault managers especially if you don't know how to procure materials and infrastructure,approvals? From a second hand view and you can look at all companies like MOZ on the cusp of producton. It ain't easy? If you don't like them get out? They,,, all juniours face the same issues. COST to complete their projects.
As for Marathon, they are as some analyst say in "sleepy time mode" prior to production. Lots can happen between now and late 2024?
1 Exploration drilling, new targets, untested 20+km
2.Build Adavancement on time or advancing?
3.Funding in place (Known) cash on hand,no debt. Well financied by majors in the game.
4. Potential,gold goes above $2000 US or stays at $1500. US, $2000 the wild card?
5. Investors, mostly new ones who see a deal on the share price and see the value that is not next week but next year.
I am not sticking up for Marathon or Manson you just have to look at what the situation is for all potential producers? Skin in the game for me for sure, however the plan unlke some others, MOZ have jumped through the hoops, hit all the points of entry into pre- production status with governmental and community blessing which is OK for a small diluted shareholder.
Regards
PS
I do from time to time post very negative comments on managers who hype and exagerate wild expecations for preciuos metals, MOZ is not one of them.