TriStar Resources has announced that its 40% owned subsidiary, SPMP has firmed up the budget for the Oman Antimony Roaster at US$96m. The budget increase over the original US$70m estimate and our recent assumption of US$90m results from design improvements as opposed to cost overruns. Nevertheless, on the assumption that TriStar may need to raise an additional US$7.5m to fund its share of the project, we now reduce our estimated value to 0.39p/share.
31 Jul 2017
OAR Capital Budget Increase
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OAR Capital Budget Increase
TriStar Gold Inc. (TSG:TSX) | 0 0 0.0%
- Published:
31 Jul 2017 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
4
TriStar Resources has announced that its 40% owned subsidiary, SPMP has firmed up the budget for the Oman Antimony Roaster at US$96m. The budget increase over the original US$70m estimate and our recent assumption of US$90m results from design improvements as opposed to cost overruns. Nevertheless, on the assumption that TriStar may need to raise an additional US$7.5m to fund its share of the project, we now reduce our estimated value to 0.39p/share.