ROAN re: marathon gold
the cost of the project has gone up @ 50%
the market doesn't like that
https://marathon-gold.com/site/uploads/2022/09/9-1-2022-Marathon-Provides-Valentine-Gold-Project-Update-vFINAL.pdfWith the Project’s schedule confirmed, Marathon is able to give guidance on the Project’s capital
cost estimate. Marathon currently assesses a cost to complete of between C$470 and C$490
million. Compared to the C$305 million initial capital cost contained within the Project’s April 2021
Feasibility Study (“FS”), the new assessment incorporates approximately 20 months of market
inflation as well as the reallocation of costs previously characterised as sustaining capital items
into the initial capital period. The new assessment also incorporates certain scope changes
relating, principally, to updated staffing levels and the impact of moving from the 22-month
construction schedule contained within the FS to the current 28-month construction schedule. The
cost estimate is effective as of August 2022, and includes current market bids, contracted pricing,
finalised equipment leasing arrangements, and current market data for labour and consumables,
including diesel. Pre-development and owner’s costs incurred to the end of July 2022 are
and quite frankly, i wouldn't be surprised if the costs go up further