BOE boss released a CR announcement...directed towards production... seeming saying it will take 2-4 years... shareholders are patient
the offtakes for MEU, and me...
Significant upside potential beyond initial 11-year mine life, with ~50% of resource yet to be incorporated Well positioned to build a strong multi-asset platform and The uses of funds above is subject to change at Boss’ sole discretion. A$125M Capital Raising – to fully fund development of the Honeymoon project Mar 2022 Launched today (incl contingency)
life of mine is ok, but as Dr Rose said they will be looking to expand resource to make it further commerically viable, in that Boss have taken the view not to lock in offtake... as they expect the med to long term price will increase...(in that it could also say that margins are quiet there yet), The "multi-asset platform" could mean ... adding to assets ..along with the statement ... 'use the funds (CR) suject to change"
so will we get an offer within 2 months or 6 months and to that how much would our convenient tenement be worth? either way... in past MEU announcement it was said we could restart production, and we have some infrastructer in place and start up cost would not be that much.
