re: rev vs cashflow did some figures before logging in here and they will only get $170.00 an ounce for cash flow based on Au @ A$650.00 and ounce
Still need to pay out of that for CAPEX depreciation and amortisation of their loans
So NPV of around $12 Million 3 years 60,000 ounces per annum
Can not see why a bank would fund them.
I also think IGR BMO or RER looks better IMHO
this is too marginal
Would not be surprised if Clive Donner averages the LinQ fund out of this
fresh air, page-19
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