RE:RE:RE:RE:RE:Soto : 60 % smaller project. 3.5 y construction. 3.5 y for construction was with the FS made in 2022 , with the TBM ( long tunnel ...very costly )
The delay is not changed from what i understood at yesrerday CC
The will provide a new PFS ( first half 2025) ( Without a tbm ) , after which they will ask for the environnemental permit (18 months )( if correct ) , and once obtained they start construction . All in all , no oz produced before 2029 . You have to keep in mind all new projects need 30 % more in capex and in time by experience vs the PFS released.
Soto will not add the value of what the majority of people is thinking .
At best the prod will be 92 koz a year , (51% of 40% of 450000 oz promised in 2022) may be i am too pessimistec here . ( and surely a stream will cost some oz )
The espansion of Segovia is a strike unmatchable for sure . Soto is not so good . Or may be at very very long term. It has already cost usd 190 millions for ..no revenue until now and for years .
As always the people ( here the shareholders the small) mixed their mind/ goal . For a shareholder only the price of the stock matters . The goal of mngmnt is to make bigger their company . . I will develop later . Glty.