I totally agree.
We get used to companies throwing around figures of hundreds of millions, but those are gigantic sums of money for us poor shareholders to dig out of our pockets. Nobody with $250 million dollars to invest is going to do existing shareholders any favours. It’s going to be dilution of steroids.
I still think that using trans-shipping to avoid building a $150 million jetty, and doing seasonal haulage to avoid building an all weather $60m road make a lot of sense in the first couple of years.
I’ve been trying to contact Paul recently to run through my thoughts on this and other matters. No luck yet but I will kept trying.
I totally agree. We get used to companies throwing around...
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