WOW another great announcement from CAY Port Access Approval Received as Last Key Item for FID at Minim Martap Bauxite Project
Highlights: • With port access approval in place, detailed design for bauxite port loading infrastructure has now commenced • Final tenders received for mine development and road access upgrade to Inland Rail Facility (IRF) • Engineering design of IRF approximately 50% completed • Evaluation of rail and port capacity upgrade from 6Mtpa to 10Mtpa now underway • Port access approval is the final condition precedent for EEA to exercise its 500 million options (approximately $US22M) • First locomotive delivery scheduled for Q1, 2026 • Minim Martap Project Final Investment Decision (FID) scheduled for Q2, 2025 • First bauxite shipment scheduled for 1H, 2026
I don't like the dilution, however looks like $22 mil in the kitty in May and the best party is its in safe hands
whats the future profit on 10Mtpa ?
CAY Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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