Thank you for your insight. If your capex estimate of $60 to 80 million is correct then yes the BOD should definetly be handing over an increase to the shareholders.
I see in the pdf that you attached there was considerable outlay of $2.3 billion for the haulage drives . . . yes volume is more in your provided example but at less than half the depth of Grange.
I feel that your estimate could be light on. I think the cost will run into the hundreds of millions . . . not tens of millions as you suggest.
Quarterly predictions, page-408
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $283.5M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.0¢ | $320.6K | 1.298M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 101046 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 44794 | 6 |
View Market Depth
| Last trade - 11.25am 10/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |