That’s what I’ve been thinking. Murrin Murrin cost 1 bil in 1999, so I’m guessing in today’s prices it should be double that, but flippa (our resident mining guru) said sconi won’t be as large. I really don’t have any way of telling. I would have a stab at 1.5 bill with an interest rate of around 8%. I doubt they would be able raise 1.5 bil via a capital raising. If they did a capital raising, our shares would be diluted 80 percent.
Bankable feasibility study, page-6
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| AUZ (ASX) Chart |