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development of vanadium project

  1. 10,322 Posts.
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    I have just been looking back through the Annual Report and in particular at the financials on the vanadium development. My comments are made only on the figures given and I am NOT and accountant.

    Total revenue expected is $11.8 bil (usually rounded to $12 bil which is ok)

    Pre-projection capital is $563 mil (I presume this needs to be raised somehow before we can start - it includes all infrastructure). How do we raise the capital?

    Net annual cash flow estimate is $294 mil (sounds good)
    Internal rate of return calculated at 31.8% pa (very good)
    Assumes US$ = Au$ (looks ok for the time being)

    When will they start talking about the actioning of this development. It will take quite some time after they start talking about it.
 
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