"Sounds easy twincreeks but alas it isn't. Will require a lot of funds also."
Capex has been estimated at another 45mill of which many targets are already completed. That money is sitting in the bank at the moment earning interest. they estimate another 30 mill for working capital required mid next year. We are not paying for the Darwin port expansion, or the Tennant Ck Hub, or the Trucks to carry the ore. These expenses belong in opex and are part of the operating margin required to be profitable as they are tendered out.
"MAK bulls can put up a benefication plant and transport logistics system in a couple of days."
what benefication plant? we are a DSO operation - basic quarry - open the last quarterly (nice pics of the pit ready to go). The transport logistics system does take time but they have allocated a bit more than a couple of days to the problem and are at tender stage.
Keep em coming TM :-)
AEV Price at posting:
32.9¢ Sentiment: Buy Disclosure: Held
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