Ann: USD35M Offtake Prepayment Facility for Nifty Restart Project, page-146

No worries I’ve already got my own valuation spreadsheets that I use. Was just hoping you might share one of yours or at least the summary of outputs as you seem to bearish on the future of CYM the last few days.

I agree lots of variables along the way but I’d back these guys to get it done once finance is secured.

If it takes until we turn a profit for the re rate then so be it I will wait that long if I have to.

However IMO we will see an increase in the copper price as the construction progresses and this will result in the market re rating us along the way. In fact I’d suggest once / if senior debt is secured (if we take Barry at his word this happens simultaneously with the acceptance of the offtake faculty) we will see a significant re rate at that point.

It’s probably also worth noting this is very different to Flinders.