What's the catch with the CAPEX?
I thought SS2 showed quick pay-back metrics.
Maybe: CAPEX is too high relative to the market cap, so a capital raise to fund a decent proportion is off the cards, and they even think a loan is unlikely?
Or maybe a smaller scale start-up is simply reducing risk all round (maybe large investors keep bringing this up). Eg. snow-road scenario could be unviable with a big start-up, but viable with a small start-up. In which case, a lower CAPEX scenario would help to cut out 1 risk (if the road didn't happen).
Maybe if the road happened, or the market cap rose, it would allow us to transition back to a higher CAPEX scenario.
Or maybe they are quite confident in the idea of agglomeration heap leach, and think it will boost certain metrics, while cutting CAPEX at the same time - making funding/construction more likely.
Us retailers seem quite focused on NPV. But might instos be more focused on probabilities, confidence and minimizing down-side risk? Cutting CAPEX may be a way of cutting down on risk (even if it reduced NPV, as long as it was increasing the odds of actually realising that NPV).
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What's the catch with the CAPEX?I thought SS2 showed quick...
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Last
14.5¢ |
Change
-0.025(14.7%) |
Mkt cap ! $35.31M |
Open | High | Low | Value | Volume |
17.5¢ | 17.5¢ | 12.5¢ | $227.1K | 1.494M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 55396 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55396 | 0.145 |
3 | 80500 | 0.140 |
2 | 57300 | 0.135 |
3 | 103846 | 0.130 |
5 | 88000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 20000 | 1 |
0.175 | 50000 | 1 |
0.190 | 29368 | 2 |
0.220 | 1025 | 1 |
0.230 | 2238 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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