MYG 0.00% 77.0¢ mayfield group holdings limited

Those fatal flaw assessments are pretty light and there will be...

  1. 10 Posts.
    Those fatal flaw assessments are pretty light and there will be confidentiality clauses in the agreement with CS. It is all business in confidence.

    It is highly unlikely that CS will be in for the full amount and I expect a substantial percentage of equity investment, up to 50%, will be required before the CS facility will be able to be drawn down.

    The LOM Production plan is circa 3Mt, so 6 years at the 600,000tpa milling rate. I would hope to see capital on the lower side of estimates given that it is an upgrade rather than a new mill.

    Internally they will be treading water a little bit knowing that the resource upgrade may allow them to go for a higher mill throughput. It also allows for exploration success and mining other deposits.
 
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