PTN 1.72% 5.9¢ patronus resources limited

Yes, agree. Good news but what happens next?Very few explorers...

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  1. 856 Posts.
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    Yes, agree. Good news but what happens next?

    Very few explorers are considering building their own processing plants in WA at the moment, because of blow-out costs to get the work done.

    I have no real idea what it would cost for KIN to go it alone but even with a decent debt financing package they would probably need to at least double their SOI in an equity raise. I doubt that all the work on the failed processing plant a few years ago helps much or we would be hearing about it more in company presentations.

    So it's got to be a tolling deal, a JV or a buyout. Or maybe the Germans step up to the plate with a much bigger commitment?


    Last edited by hongkie: 02/06/22
 
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