$48 mill loan to purchase a mine that Anglo paid $700 mill for in 2008
Take a look at WHC $700 million debt with market cap of $3 billion
In just 7 months they went from having nothing in the bank to over $100 million
By the time cr is done we should be sitting on $200 million cash in bank.
57,000 hectares of land, now that is massive and Jorc to be updated in the next month or two increasing mine life.
We are still selling PCI for USD $180/t
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