AOH 0.00% 12.0¢ altona mining limited

From the annual report (pg 78), the following capital...

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    From the annual report (pg 78), the following capital expenditure has been incurred to 30 June 2013:

    Mine properties & development 48.9
    Ore processing facilities 26.5
    Restoration 2.5
    WIP 11.7

    Total A$89.6m

    I presume none of the above relates to Roseby as it has not commenced mining).

    The DFS for Outokumpu showed estimated Capex of 32m Euros (approx A$50m) and NPV of $80m. I know that resourses have increased and mine life extended for a couple of years subsequently. Does additional capex or blow out in capex justify additional revenue at the tail end of the project.

    The capex to 30/6/13 does not include "capital expenditure will continue at elevated levels at Outokumpu for up to 2 years" (pg 25).


 
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