From my previous discssions, The idea is to keep that capex low... anything over $1bill dollars and funding becomes significantly harder to finance, let alone pay back.
By starting on a small portion of our resource (currently only 16% of inferred resources) we can achieve a quicker pathway to production without deleterious effect to potential funding and then use free cash flow to expand, rather than seek an excessive Capex/operation now and risk not getting funded at all.
Ann: Positive PFS Results for Razorback Iron Ore Project, page-291
-
- There are more pages in this discussion • 555 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $25.55M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.0¢ | 25.0¢ | $10.16K | 40.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127938 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 5300 | 2 |
View Market Depth
| Last trade - 12.16pm 06/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |