The IDC and the Commercial Bank in SA are not putting the money upfront. That is critical.
It leaves the remaining amount to be sourced via equity.
Look people here think in basic straight lines, but the AISC and the development costs quoted would have skyrocketed since, so that amount could be anything from $40-$75M AUD. All in equity.
That will absolutely blow the ass out of SOI plus you have the IDC loan terms + the streaming from the commercial lender.
Come on, you’re not silly. Even with a miracle run getting all the finance, the SP will not for at least 4-5 years clear 2c range. Just do the figures.
WWI Price at posting:
1.4¢ Sentiment: Hold Disclosure: Not Held
