"Excellent production outcomes" = Cash flow square then positive over coming quarters.
They will indeed need to raise some capital once the all clear is given but I'd suggest they have plenty of interested parties lining up to get involved given the capex intensity ratio to 1mtpa of production. My # suggest $70-$90/t versus BHP looking at $650/t in Bowen.
These guys aren't spruikers but hard nosed mining professionals wanting to get on with it for the benefit of all inventors and NZ.
The combination of both the above has seen me loading up recently.
BTU Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
