Atlantic are needing to spend next to nothing now really to bring a (their) major spodumene mine and concentrator online; around US$25m now needed for remaining capex, after this US$32.9m investment, if I am correct?
That is quite impressive, even if they will be in partnership obviously and not have full ownership as 50/50 with Piedmont, this is still now unbelievably low capex for A11 for a very considerable NPV and a project with high production numbers.
I take this as very good news for Atlantic and Piedmont, further derisking.
Ann: Minerals Income Investment Fund of Ghana Invests US$32.9m, page-12
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