Repost (and sorry and thanks, too, I did not realise).
Lol Forge.
I appreciate your knowledge and I appreciate your input. I've even quoted you several times (with thanks). Personally, I think we are on the same page when it comes to longer term investments.
I agree that CSD's returns are insignificant in comparison to IBG's. However, it also doesn't need $400 million plus to start producing because CSD is already producing, and at positive cashflow, too!!!
The other projects are just value adds and I hope they come to fruition as the low cost tin project has sensational internal rates of returns (IRR) of 111% at base rate and 52% at Au$20k/t.
;-)
Those figures are from the PFS which are set to be improved...
The half-yearly report on Page 14 says:
"The Board is confident that, in the event of a favourable DFS in respect of the Gillian Deposit, sufficient funding will be able to be sourced to fund development of the Mt Garnet Tin Project."
Interesting times ahead.
Repost (and sorry and thanks, too, I did not realise). Lol...
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