A revised total funding for SFX to operate the thunderbird is $604 mil. How does the company bridge this?
The total funding in place is US$175 mil+US$95 mil=AU$375 mil
They need to issue at least 220 mil shares to cover that cost or a partner agreed to buy 30% of the Thunderbird project.
Also, I have checked multiple sources that the Thunderbird has 3 billion ore graded at 6.9%. Why is that the production only lasts for 42 years? Kenmare mine can last more than 100 years. As far as I know, thunderbird is bigger and better than that of the mine that Kenmare has. Could anyone provide any insights please?
Ann: Informa Mineral Sands Conference Presentation, page-3
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