BC8 0.90% 56.0¢ black cat syndicate limited

Good preso, nice to see the detailed timeline, looks like mining...

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  1. 4,548 Posts.
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    Good preso, nice to see the detailed timeline, looks like mining from Sep next year with mill ramp up from Dec next year.

    This will cost us in CR's over the next 3-9months, lets hope its worth it by running our own operations from the getgo.

    The key will be how much capex we need to build the plant, common wisdom would be ~$100mill however they talk of low capital startup, so lets see what that means, at the very least it will be $75-100mill startup costs IMO, so if equity is used, thats pushing 200mill + share float depending on raising price. I would be aghast if they debt fund, unless they can do it without hedging which I doubt
 
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