MMI 2.22% 4.6¢ metro mining limited

Two options for stage 2 to get 6MTPA1)Either borrow $57M (...

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    Two options for stage 2 to get 6MTPA

    1)Either borrow $57M ( Already approved for $47.5m funding through NAÏF. Floating Terminal

    2)Pay $20M and get another floating crane

    Sunset clause is 30th June 2022 for NAÏF funding so won't need to wait too long so would expect a few more decisions around offtakes before then.

    2) would probably require CR earlier IMO

    1) would be my preferred option given funding already approved. Maybe flog the floating crane if still needed once terminal is operational.

    Cheers
 
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