Next step is FID in Q2 2024 and locking in blend of offtake, debt and SPP to raise $109m. Not too bad a return for $100m outlay.
Share price will be at bottom of curve until prod, advised as 2025. Other alt is for RIO to drop a bid before 2025 and currently may wait somewhat until FID is ready then they can measure like for like (their costs v the FID).
IMO timing would be around Q2 funding decision as why pay a multiple on new loans when you can buy before that commitment on resource value alone?
Ann: Outstanding Financial Returns from Robe Mesa DFS, page-9
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $66.00M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.0¢ | 27.0¢ | $146.6K | 522.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37900 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 4000 | 1 |
View Market Depth
| Last trade - 14.51pm 18/06/2024 (20 minute delay) ? |
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Last
28.5¢ |
Change
0.005 ( 3.64 %) |
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| Open | High | Low | Volume | ||
| 28.0¢ | 29.0¢ | 27.5¢ | 114955 | ||
| Last updated 15.56pm 18/06/2024 ? | |||||
| CZR (ASX) Chart |