"IGR have budgeted for the CEB underground mining TRIAL. It will be paid out of their growing pile of cash. There will be no need for a cap raising. Full Stop."
That's right... $8.3m indicative cost starting in the December quarter. I wouldn't call it a full stop however, until we know what the results of the trial will be... a cap raising may well be needed to achieve commercial production rates.
How much investment will be needed AFTER the trial for commercial development... can cash-flow from operations pay for it, what will the equity-debt split ratio be if required? More hedging?
Better to wait for the trial results, imo, too many uncertainties... I'm expecting results in the September quarter 2012.
Rowingboat
underground mining, page-7
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)