I think the recent presentation factored in a cash burn around $20-$25 million p/a for the next two yrs (2012-2013) so it's probably not accurate to assume we would get the full whack of bank interest.
But... Once the MinRes deal settles we are looking at over $100 million in the bank so even if you deduct $20 mill cash burn for 2012 we are talking $80 million @ 6.5% interest, delivering around $5.2 million bank interest in 2012.
Many (probably most) explorers would give their leftie for that kind of cash flow into the business.
- Forums
- ASX - By Stock
- IOH
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report , page-4
-
-
- 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)