adam said they were very conservative with capex and it will go down as they produce fs bfs and NPV will go up as MRE will go up with further drilling. In short capex will go down and NOV will do up. Already good number will get better. And looks like if GMA and give 10mil loan to MRC then it shouldn’t be hard for us. He pointed out that multiple parties are interested in offtake way before the listing on ASX.
Ann: Scoping Study - Port Gregory Garnet Project, page-73
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