You guys do not read the announcement properly...
15% was PREVIOUSLY the cut off - it is now 8.27%. At 9% the mine can generate a gross profit margin exceeding 40%.
- Also there is no placement, it is a $200m debt facility they are looking to do.. ( FMG did one of these as well)
This is a very good result and highlights the striong postion going forward.
ady, page-13
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