SDV isn't fully financed. Look at last year's feasibility study. Total capex is almost A$700m. There's a A$400m+ shortfall between that and GXY's cash balance. Free cash flow from Mt C isn't going to cover the difference. GXY are going to have to finance the rest with some sort of external finance. That's why the project itself is rated a 50/50 chance of eventuating at this point in time. Don't count your chickens before they hatch, as they say.
Not to mention JB. How are they going to fund JB? Apparently that's going to be up and running within 5 years as well. The company said 100ktpa of LCE within 5 years. That's never going to happen. Not even with all 3 fully operational.
GXY Price at posting:
$1.31 Sentiment: Hold Disclosure: Not Held
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