RE:Waiting for the perfect stormMixed feeling about the delay. On one hand, at this point any delay looks bad. Gwen
has been saying for months that because the mine was mainly already built, there
wasn't much that they didn't know so a new PFS isn't going to change the metrics that
much. So what's with the delay then?
But we also know they are actively drilling and finding more gold. My guess is they are tweaking the PFS to reflect that as well as adjusting upwards other metrics. In a
way, a short delay could well work in their favour if that is the case. In addition, to release it during tax loss season seems to me poor timing. Given how late in the
year already, why not wait until tax loss season is over and then get market momentum
working for you instead of against you?
One other thing is the bulk sampling. By delaying their PFS, it will give them the time
to get a better handle on how that is going and tuning up the mill. I get it that in the
short term, any delay looks bad. Taking a longer view, maybe not.....