Very interesting report by Edison.
"The cost of the JV processing facility has been stated by Alkane’s management to be roughly A$30m, which it anticipates will come from DZP’s contingency of A$166.1m. However, design criteria for this facility have not been finalised and so the final cost is not yet known."
So Leapzig was right - well, he said 40 mio capex, but I won't complain ... :-)
But why do we have to read that in a broker report and not in a PR ? Yes, it's on Alk's website, but still ...
P.S. As to their valuation - all I can say is GIGO:
"We forecast Alkane will need to secure funding for the DZP in 2014. ... We now use a notional A42c share price to raise a gross A$196.4m in equity"
Not. Going. To. Happen ...
Ann: Quarterly Activities Report - June 2013 , page-8
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