Ann: Capital raising to fund Pilbara iron ore and gold projects, page-8

  1. 3,188 Posts.
    lightbulb Created with Sketch. 783
    My est of fe ore is $90m. 52% of 90 is 50m. Just back of envelope scrathings.

    Yes i have made a big assumption that RIO will buy out rather than jv. DFS needed to make it happen so just have to wait for the basics to be done and an offer should be forthcoming.

    i will be topping up at 1.2 as i think its a hood deal
 
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