Oops my apology I just saw the $600m debt and CAPEX of $850m and assumed same currency, does that mean fully funded by debt and no equity dilution! What a difference that makes to a potential share price
AUD 1 Pre-production CAPEX $ 850,000,000.00 2 Debt $ 850,000,000.00 3 Equity $ - 4 5 Current shares issued 963,000,000 6 7 NPV $ 4,700,000,000 8 9 Share Price $ 4.88
Ann: Managing Director Company Update, 121 Conference Cape Town, page-34
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