KML need to somehow start building phase 2, at the same time they redesign and implement the changes for phase 1 processing.
It needs to be done immediately to get some economies of scale in production versus capital.
The capital for stage 1 is going to balloon to the point where phase 1 nameplate may not be able to sustain the debt load.
Stage 2 would provide a far better return on overall capital invested. But can KML get the funding, given today's announcement suggests an admission of a major flaw in the concentrator design process?
I think KML will survive and GBG along with it, but as to what percentage GBG ends up with, they are really at the mercy of Ansteel.
DYOR
- Forums
- ASX - By Stock
- GBG
- Ann: Karara Operational Update
Ann: Karara Operational Update , page-4
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online