What would they be ttaking over?
A mixed resource of several different copper ores plus gold and cobalt credits. Presumably there's no argument that the magnetite has any value now.
A crusher that has, at least once in its three year existence run at design rate.
An ore sorter that was supposed to have been commissioned early last December but hasn't apparently produced any DSO in four months.
A nearly completed plant, designed to extract the copper from a surprisingly complex and wide range of ores from a unique resource. And possibly cobalt too, if there is a market for it.
$70m of debt with repayments starting in nine months.
Another $50m to $75m of cash required to commission.
Can't wait to see who'd pay anything for all that uncertainty!!
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