RE:RE:Final Initial Capex Number Will Be....?Metalhead while Attemis will be generating cash it will not be anytime soon and no where to what you expect especially if gold continues to correct down. There is a reason the project sat for years withought being developed.....It will likely be sometime in early 2025 before they reach commercial production! They likely will not generate any cash until the end of 2025 and even then there are alot of things that could go wrong and many costs that some on this board do not seem to understand.
The AISC is the FS assumes 100% financing through the issue of shares. As such debt financing and the interest associated with it is not included in costs. Needless to say that is a sizeable number every year.
It is also a byproduct producing mill so it assumes the Silver is produced merely as a byproduct so it is not accounted for as a profit centre so it artificially deflates the AISC of the gold as opposed to a pure producer or a co-product producer.
It also only accounts for the initial stream included as part of the sale of the project but does not account for the SIlver Stream and additional gold stream sold.