The $81m required is correct as per your quoted references from the report as far as I can see. The cash-flow report on page 35 shows that last year $23m in cash was paid for normal operations. We can therefore expect again some $12m for the 6 months to the end of December in this year in addition to the $81m. A contingency of say $15m over the 6 month period until a go live at the end of 2014 ought to be allowed for. That suggests an extra $27m or so is needed prior to cash coming from proper mining operations.
That is potentially why the report talks about additional capital.
It is all a balancing act in the end at this point in the project. The key will be keeping to the timeframes from here on in as additional time normally costs more money and delays the start of revenues.
CDU Price at posting:
$1.56 Sentiment: Sell Disclosure: Not Held
