Dow Jones]--Macquarie assumes Aurelia Metals will need to raise A$70 million of equity to bring its Federation base-metals project into production. That's based on forecast total development costs of A$145 million. Macquarie assumes Aurelia issues new shares at A$0.09 each, representing a 31% discount to Wednesday's closing price of A$0.13/share, and funds the balance of Federation's costs from cash flow. "However, debt financing or bringing on board a JV partner remains an option," says Macquarie, which has an outperform call on Aurelia's stock. ([email protected])
(END) Dow Jones Newswires
October 12, 2022 18:14 ET (22:14 GMT)
not sure if posted they are saying CR at 9c not even 10c
Ann: Federation Feasibility Study and Company Update, page-39
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