Theres mine and infrastructure already in place. If were talking about EXPANSION then you can expand the mine n plant n infrastructure on the current operations and dig up nearby deposits n develop their mines and process them centrally.
So how much is this gonna cost? Lets say all up CAPEX for 12.5mpta next yr is gonna cost 600-700mill with all the extra drilling and engineering CAPEX plus construction CAPEX of new mines nearby like GYRALIAs tenenments, PLUS central mining expansion n infrastructure?? Well they got 350mill circa sitting in the till. Thats half the money! Even if they needed close to circa 1bill, they have 350mill in the till plus they can EASILY do a CAP RAISING of an extra 250mill shares at say $3 a share for 750mill.
Like i said, at 25mpta prod in 2-3 years and a diluted capital base of 1.1bill shares with IO price $110, AUD at parity, and $40/t costs of prod (theyll have economies of scale with larger opps).....we got a price tag of $8.60 a share....or you can quite easily make THREE TIMES your investment TODAY!
Its the easiest way to make THREE TIMES your money at minimal RISK compared to any other company on the ASX that offers THREE TIMES your investment returns long term. Youll be able to sleep at night on this one coz we HAVE mining opps that rake in the CASH plus we HAVE CASH in the till plus we can easily raise a tonne load of money and not dilute our share base too much at a share price of circa $3.
Theres no better way to make three times your investment at such level of risk!
AGO Price at posting:
$2.88 Sentiment: LT Buy Disclosure: Held
