just looking over some of the old broker reports. I spotted the following and though I'd share as I recall a number of people were wondering how much money PLV will need to pay for the environmental deposit on Cockatoo. Have a look at the investec broker report for PLV:
On the second page, under "Cockatoo Island Infrastructure Access", they write:
"Cockatoo Island is due to close in approximately 18 months. We believe there is potential for PLV to secure the use of the Cockatoo Island shiploader on reasonable terms, as this would defer the payment of ~A$15m in environmental liabilities for the current owner (Cliffs). "
Does this mean that it's about $15m? Or are the "environmental liabilities" the cost of rehabilitation the island?
I also liked the following section titled "Beneficiation is not a dirty word". Something I think the market is yet to wake up to properly.
Cheers,
Stats.
PLV Price at posting:
21.6¢ Sentiment: Buy Disclosure: Held
