That's USD and doesn't include contingency.
Total cost is USD$755m including contingency. That works out to a little over A$1bn at current exchanges. KDR will be well short of funding their contingent. Taking on basically your entire current MC at debt would be pretty risky and I doubt the lenders would agree to it. Li debt funding is still on shit terms across the board. TAW are already producing and just got debt at LIBOR + 13% (~15% interest rates).
Definitely going to be a CR if they want to progress the concentrator and the refinery anything close to concurrently in my opinion.
- Forums
- ASX - By Stock
- KDR
- Ann: Refinery PFS and updated Mine & Concentrator Scoping Study
Ann: Refinery PFS and updated Mine & Concentrator Scoping Study, page-3
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online