"I'm sure they don't want to release info about delays unless they are 100% sure they are delayed."
Good call. You got it right. 3 months later, with the SP down from 0.018 to 0.015, the BoD have said there is an 8 week delay.
The BoD says it was due to handling issues. OK. But further in the announcement, the BoD says the water source is 100km away and they are searching for a new source within a 40km radius.
Imo, strange timing. If there wasn't an issue with handling, was a DFS going to be released based on a water source at 100km including CapEx and OpEx? I have my doubts because the Quarterly goes on to say: "there are significant cost benefits in locating water sources closer to the proposed mine site". So does this mean the current water source at 100km has a deleterious impact on the DFS?
When I read announcements, I look at what is the company stressing and where is it trying to divert attention?
All imo.
"I'm sure they don't want to release info about delays unless...
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