RE: Skelly21 Dec 2025 07:28
To be fair, I would not think that Skelly would buy back after ANY DFS. And as far as the DFS goes, it's pretty underwhelming. Triple the CAPEX, double the OPEX compared to the PFS update a bit over 2 years ago. Couple that with a laughable $26k per LOM price assumption to come to a $1.7b NPV. Well, bring that down to $14k and you get very close to zero with all the risk still involved. I myself wouldn't buy in after this DFS.