Covid related disruptions and skills shortages have resulted in a delay to OreCorp’s DFS. Previously the study was planned for release by mid-year, Q3 the new target. We tweak assumptions in our model to factor in delayed first-gold which has resulted in a slight reduction in our sum-of-parts valuation, now $1.20 per share, prior $1.32 per share. We still see significant upside to current price. Cost escalations and further disruptions to the plan the key risks, such is life in 2022.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.