VTX 7.23% 8.9¢ vertex minerals limited

Ann: Term Sheet for US$10M Prepayment Facility, page-32

  1. 289 Posts.
    lightbulb Created with Sketch. 124

    You're right mcbr1990.

    We're lucky this is a simple start up and the project has a very high IRR of 110% at AU$3000 per oz.

    You can see how funding arrangements could easily destroy marginal projects in this financial environment but feeling confident that this won't be the case here.
 
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