Just to be sure I am not missing anything, but am I correct in reading that we won't require any major equity funding? By my comprehension KfW debt funding will cover Mt Peake mine site AND also the Darwin TiVan refinery site build? $600mUSD / $850mAUD
I can appreciate the final build costings could rise a bit with SMS build & ship premiums, but I would nearly assume the German banks would raise to cover that extra.
Imagine the value per share with an updated model and pricing and no dilution! After the Vimson issue dilution, it almost seems fair to shareholders that there's very little dilution a long the way now.
TNG Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
