This quarter OreCorp will present its Nyanzaga DFS. Most attention will be on capex and opex lines. We also expect to see a refined schedule that may bring forward higher value underground ounces in the mine plan partially offsetting some of the inevitable cost hikes. In Tanzania, recent budget presentations have highlighted the importance the country places on its mining industry, and significant investment continues into large scale infrastructure projects, this gives us confidence in the investability of the region. We maintain our Spec Buy recommendation with a valuation of $1.00 per share, prior $1.20.
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