While 4 billion yen might sound enormous its actually quite small in AUD...equates to...
4000000000 Japanese Yen equals49046080.000Australian Dollar
i.e 49,046,080 AUD
ALso Sc only feasability study completed on 30th August 2016 stated capital cost at 100M AUD.
Why on earth all costs aren't in AUD beats me...because it causes utter confusion.
The plant is being built in Aus...operates here...so why nor cost everything in AUD.
IMO....this is a deliberate way to confuse and confound and imo not good enough.
All shareholders were under the illusion of building a Sc only plant initially with a short lead time...now all thats changed...with costs blowing out to 980m AUD....pathetic....for a companybwitjvzero income atm...that is an extremely tall order...in my considered opinion only.
CLQ Price at posting:
37.5¢ Sentiment: Hold Disclosure: Not Held
