Just to clarify the capex costs (from a company presentation 2 months ago)
Capex for the initial 3.5mil pounds per annum mine is US$317mil.
Extension capex if they want to use the XP model is a further US$325mil.
So not 1bil as mentioned above, unless using aussie dollars.
So a money maker for investors at a minimum capex of US$317mil. I am also suspecting that dilution will be minimal as debt financing will not be a real problem.
Bannerman Poised to Break Out, page-498
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