"If a BFS and/or a DFS was made public, the lending institutions would fall over themselves in trying to offer us all the money we wanted. After all that is what banks are doing. Lending out money to make money. The only thing they want in return, is a security that what they are willing to lend out is going to be repaid back, and with the lowest of risks."
So how is the BFS working out for our neighbours Altona Mining? Which are the banks that are falling all over themselves to lend them money?
Simple answer, none.
If they had used the money to start on the project, instead of on studies, they would be closer to an actual mine at little Eva.
CDU Price at posting:
$1.81 Sentiment: LT Buy Disclosure: Held