Total capital costs are estimated at $236.3m including road to mine cost is $54.3m (e) and assumes state and fed Gvt will fund 50% of road cost (watch for confirmation).
A contingency of 12.5% is included in costs. “If” contingency not required and $20m grant is forthcoming, cost could get down to $186m all else being equal. Yes, big if.
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TVN Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
