@bigben101 once the PCI project is up and running, we will be making $10-20M p.a. Platinum will take a few $M as royalty and loan payments, overheads another few $M ... still plenty of meat on the bones
Once they have proved they can mine and produce profitably, then there will be no shortage of financiers lining up to get a slice of the much larger HCC BBM project
The finance needed would be around another $40-50M, but if it is to fund ramp up to 2Mtpa, then the payback could be less than 2 years ...
The figures on this are outstanding. NPV to capex ratio is 10x, it's huge
If Martino gets this funded and up and running, it "should" be harder to take us over cheaply. First step is securing finance ... I have a bunch that will occur next week
