PRWOB a good leverage at the moment - currently hovering around the stike price, but feasibility and finance news expected soon and nickel price is lifting which is great timing for the feasability.
I just want to draw attention to the June 8 announcement, as it has been mentioned in this thread that capex will be 90 million - it will only be 50 million:
"Having received the ML documentation, Proto is now finalising contractual terms with the specialist project financing unit of a multinational equipment supplier. This is in the form of an indicative term sheet whereby that firm will act as global arranger and senior lender to the Barnes Hill project, backed by the integration of the usage of its equipment. Capital expenditure at Barnes Hill is expected to be no more than A$50 million."
PRW Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
