'The project has also been subject to review by the EPC (Engineering, Procurement and Construction) contractor, which has now provided a fixed price of US$ 1.42Bn for the processing plant, mine infrastructure and port facilities.
Other project capital, including the mining fleet, pre-strip and power line are expected to cost a further US$ 300m – US$ 400m.'
The extra capital comes down to the final sentence in the above. How MMC gets this will be the interesting point. Hopefully with the least amount of dilution and/or loss of further ownership.
I agree with Oscar. I think the picture will change a lot over the next 6 months. Just hoping they can meet the deadlines.
broker coverage, page-5
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Mkt cap ! $88.47M | |||
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