RE: DYOR10 Nov 2022 12:56
If it does turn out that the FS promotes the idea of a bigger mining project and more costs are needed, these costs aren't all required up front.... I thought this was the whole point of the 'starter mine' area - the initial capex is (within a percentage) a known, then this is followed by some cashflow - and with an 'improved' FS you know where you're heading long term with expansion plans. An expanded FS coupled with ever geater knowledge of what is down there will ensure that there are minimal changes of approach or design as this JV works through the enormity of what is ahead. Also, as others have said, any increased costs will pretty much guarantee a bigger delineated asset .