Ann: Frieda River Mineral Resource and Reserve Update, page-5

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curiouswon

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28/03/17

13:15

Post #: 23676930
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Originally posted by dogon ↑

Yeah, no one argues Freida is not a good resource. But where do we get the money, and if we did how long before we get a return. We have $us 12 in the bank how long will that last ? We will need to find maybe $us800 , and it will not start for another 5 or 6 years, then most of the cash flow, like a Ramu will go towards the debt..
What happens if the costs blow out by $1 bil, we are up for another $200mil. What happens if it is delayed for a year or so, or ramp up takes longer than expected. Freida is a great resource, no one knows how great, I think it is a monster. The Chinese, or the ratf....rs, as Kevin refers to them as, have different priorities to us, they have endeless money and infinite patience, Freida will still be operating in 60 years. Their priority is Supply.
I want at least $200 mil or we should take the 3% net smelter royality.

Independent Directors? Please! One of them was on the Board of PanAust for years. All will be getting their Directors fees thanks to PanAust.

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fair comments re financing!
re "I want at least $200 mil or we should take the 3% net smelter royalty." - seems reasonable to me

HIG Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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Ann: Frieda River Mineral Resource and Reserve Update, page-5

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