Reply from Simon;
"With regard to capital requirements for the Andash project, we are discussing with our bank an increase in the size of the debt facility for Andash.
The original facility was negotiated after the feasibility study was completed using a gold price of $1,000/oz. Now that gold is higher, the project can justify a higher level of debt."
I guess the other point has been explained in previous ann.
agm, page-10
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
