re: Ann: West Pilbara Iron Ore Project Defini... IRR is low, thats the problem. Margins are great, but the CAPEX is huge, hence IRR is very low.
CAPEX is the issue, not the margins.
Financing over $5 billion with a 16% IRR will not be easy.
Although AQA could have a short term catalyst with the finalisation of the Belvedere sale.
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