Assumptions And Resource Comparison UncertaintyDifferences in cutoff grades and metal price assumptions between resource updates complicate direct comparisons and create uncertainty about the project's true resource value.
Capital Intensity And Development TimelineLarge-scale development will require substantial upfront capital and an extended construction timeline, increasing execution risk and delaying potential returns.
External Financing RequirementAdvancing to construction is likely to depend on a mix of equity, debt and equipment financing, exposing the project to market conditions and potential funding challenges.