GCar,
You beat me to it. I had it copied and ready for pasting.
So, it would appear that the approach adopted by Simon and the team is prudent and will provide for the commencement of both development projects without the need for additional capital to be raised. By using retained earnings being generated from Mt Cattlin, the current cash balance of c. US$215m and prudent levels of debt we will self fund our project pipeline.
This is why you want to be in it for the long run. At that time (post 2024) we will be selling product from all three mines (and in various forms) the market will be screaming for more. By then, the current price target of $3.60 may be missing a digit in front of the 3.............
