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![Filapek Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::283392877.png) Rudi Filapek-Vandyck [@Filapek](/creator/twitter/Filapek) on x 8851 followers
Created: 2025-06-22 23:22:23 UTC

RBC Capital on Santana Minerals $SMI: "Santana's fast-track approvals submission is behind schedule. While it is only slightly behind, we have used the announcement and our recent site visit to re-examine and re-evaluate our assumptions ahead of the feasibility update. 

"Key assumptions that we re-iterate or differ from studies include higher mining costs, a minor production delay, but a longer underground mine life. 

"Integrating the changes, our rounded price target for SMI falls 5cps to A$0.85/sh. 

"We remain Outperform as we believe Santana still has a low-cost gold feasibility stage project where the development risks are skewed to the upside."
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[Post Link](https://x.com/Filapek/status/1936927779712573872)