More cash needed upfront than initially planned? How much more? Doesn't sound cheap.
"The implementation of dry stack storage has a significant impact on startup costs as previously the TSF was to be constructed in the second half of the second year of operation and would have been built mainly using cashflow from production. The requirement to have the facility operation from production start moves all costs forward to being pre-production costs. Overall, capital cost of dry stack storage is higher but not significantly when all costs are considered. The company considers the benefits to the project are significantly greater than the increased pre-capital costs, especially given the reduced time to production and access to the current high commodity prices."
LRV Price at posting:
84.5¢ Sentiment: Hold Disclosure: Held
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