its not just the $17.5 mill for irvine, they need to get the money for cockatoo as well which we would need later this year and that's $35 million.
“Pluton has secured an Off-take Agreement with our strategic partner, Timeone Holdings, for 100% of Stage 4 production at a significant premium to reflect the quality of the ore. We are currently in discussions with Timeone about funding the acquisition and the capital required for development of Stage 4, and will advise the market the outcome of these discussions when they have concluded.” he said.
if they don't come up with the $$$ they can kiss stage 4 cockatoo goodbye as well.. 68.5% iron ore a steel mills wet dream that is..
cheers SuperTim
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