Maybe but no way I want to be on the sidelines ...
a free-dig + no crush or grind needed = lower production costs = sub $30lb AISC
Using longer-term pricing = $110lb 2Mlbs sees EBIT = A$240mill pa for min 17yrs (latest exploration could well add another 10yrs to the LOM)
what AEE needs A$272mill CAPEX .. one would think off-take taking 1Mlbs over several years would secure a good part of that .. along with investment into AEE ... rest being raised via S/H tradable rights(free opts) + long-dated lending ...
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