Post by
PCGuy10 on Jan 09, 2023 9:19am
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?
Comment by
apapas1973 on Jan 09, 2023 9:36am
Very very observant Pcguy. Congratulations. I agree. I would say you're bang on. GLTA
Comment by
EndZonefor7 on Jan 09, 2023 11:43am
I wouldn't call it a total rewrite but added sections for those with the carbon capture and sections without it that have already been written. Still it take much time to crunch numbers, design/calculate graphs and highest/lowest capture scenarios.