thanks again for offering to answer questions and for all your hard work that has been going on behind the scenes. I have a couple of questions:
Q1. p32 outlines some "concerns" in relation to the capital required for the project and what we have in the bank. It seems that WEG are in the process of sorting out a $20m presale to go towards the enviro bond, but funds still seem to be pretty tight for us around the operating costs and capital expenditure. What is the plan for sorting this out?
Q2. The announcements mention that the market isn't paying much of a premium for the Cockatoo ore at the moment. What price are we currently getting for 68% Fe ore then? Do you see this improving in the near future?
Q3. There is some jargon being used in the announcements. In particular: "seawall member" and "highwall". If the seawall member is the orebody below the sea level (i.e. behind the wall), is the highwall the cliff face that we see in the pictures?
Cheers!
PLV Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
