MNB 1.67% 6.1¢ minbos resources limited

Ann: Mineral Investment Contract Executed, page-52

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  1. 14,469 Posts.
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    Not sure but I don't think timing of future announcements is all that important because of two reasons;
    1. With the license now secured, the government off-take is as close to just a formality as you get. With a government off-take, debt funding of most of the capex is very likely. With a very low capex and a project easily debt funded, I think dilution will be minimal.
    2. With only just over a year to go into production, a NPV of around $A260 mill and a mc around $30-35mill, there is too much upside and too little time for this to wait for news for the sp to rise. I think we will see the sp continue to trend up between news with larger moves possible on the news.

    Also with a simple low cost mining, open pit, free dig, simple blend, I doubt the FS will vary much from the scoping study.
 
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