Madagascan risk emerges at Base Resources’ Toliara project
• On 7 November 2019, Base (BSE AU) announced that the Government of Madagascar had issued a statement requiring suspension of on-ground activities at the 100%-owned Toliara project.
• On 8 November an environmental website (Mongabay) provided further colour suggesting the shut-down was due to opposition from local communities and unfavourable fiscal terms. This report questions the validity of the Toliara mining lease which was granted in 2012 by a transitional government which was emplaced by a coupe in 2009.
• As a reminder BSE purchased Toliara in early 2018 for a total cost of US$92m. The recently completed DFS identified a pre-production capital of US$442m. Some US$116m of this is required for the construction of the access road and port. The study delivered an IRR of 21% using “internal commodity price forecasts” for the first 8 years, and TZMI long term forecasts thereafter.
a 21 PERCENT IRR.......!!
- Forums
- ASX - By Stock
- MRQ
- Methodical delivery of MRQ results by Management
Methodical delivery of MRQ results by Management, page-25
-
-
- There are more pages in this discussion • 158 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 MRQ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.134M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 9501976 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 16470513 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 9501976 | 0.003 |
41 | 38686582 | 0.002 |
28 | 79647287 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 16470513 | 20 |
0.005 | 16348068 | 16 |
0.006 | 12800139 | 10 |
0.007 | 7084000 | 8 |
0.008 | 5038095 | 5 |
Last trade - 10.04am 09/08/2024 (20 minute delay) ? |
Featured News
MRQ (ASX) Chart |
Day chart unavailable