LMG 3.45% 3.0¢ latrobe magnesium limited

Just to be crystal.  The plant has a project life of nothing but...

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    Just to be crystal.  The plant has a project life of nothing but break even at best.


    the $3m goes towards the "I" in EBITDA.  The "D" runs up accumulated losses,

    if consolidated into a 40,000 tpa plant the losses would help the 40,000 tpa project owners.


    So where is the equity that will be happy to see their equity disappear?  And most likely down a German throat.

 
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