Apologies - incorrect statement
BZ have drawn down $13.7M to date, $12M of which has been drawn down in 2024 - so quite a ramp up in costs.
BZ have drawn down $13.7M to date, $12M of which has been drawn down since end of June 2023.
BZ burning just over $1.5M per month. I would guess that will be ramping up as they spread drilling across multiple sites. So to raise $40M in the short term doesn't seem excessive, $2M per month for the next year plus $16M loan to payback.
There will come a point, not too far away hopefully, when BZ will need to raise AUD$150M to start mining and processing all that gold.
For a close to AUD200M fundraising in the next few years - those remaining 20% of BZ shareholders will be asked to stump up $40M or see their holdings diluted.
That's just business.
Apologies - incorrect statement BZ have drawn down $13.7M to...
Add EMR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.67 |
Change
0.080(2.23%) |
Mkt cap ! $2.400B | |||
| Open | High | Low | Value | Volume |
| $3.61 | $3.67 | $3.57 | $4.761M | 1.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1514 | $3.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.67 | 104434 | 4 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.66 |
Change
0.080 ( 1.78 %) |
||||
| Open | High | Low | Volume | ||
| $3.61 | $3.67 | $3.58 | 270966 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| EMR (ASX) Chart |