"If BACJV (Rio) are contributing their share of the provision for rehabilitation (80%?) to Linc (NEC) then Linc get a cash injection right now and in effect a zero interest loan on future earnings. "
I wouldn't call it interest free as this will still need to be done at one stage or another so if the cost for rehabilitation was (guess) 100 million now then that figure could easily be double that in 10-20 years time.
Linc will need a good chunk of money for equipment to either buy/hire as draglines, shovels, dump trucks, scrapers, dozers and so forth are not cheap. Im waiting for a friend of mine to come back in from work as he works at clermont Mine and will know what has been left there.
- Forums
- ASX - By Stock
- LNC
- blair athol funding - clever move pb
blair athol funding - clever move pb, page-10
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online