Capex up, big drop in IRR and increase in payback period from scoping study? NPV stagnant as well? Even with addition of high grade ore?
Numbers are just OK, not outstanding unfortunately, and I think this will make project finance difficult to get quickly. Hope I am wrong. Think this is why we are seeing the drop today. Bit disappointed to be honest.
Market knows a cap raise is coming as well with only a few million cash in the bank.
BEM Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
