GRV - Share price & chart discussion, page-231

I assume you mean 3B rather than 38B, though 38B will see no complaints off me!

I don't see multiple capital raisings, perhaps a couple before Alpha kicks off production to fund some of the costs associated with getting that into production. Once Alpha is up and running it will contribute massively to Georgina and i don't see capital raises being needed once contracts are signed and sales are being made.

My post on the resource rising stars event i attended and watched NB present at is below -

https://hotcopper.com.au/threads/ann-resources-rising-stars-investor-presentation.6064007/page-29?post_id=53311130

One of the key things Neil noted early was Alpha will have low capital and operating expenditure, so the profits are going to be very big from it. Should Georgina go to production you will be looking at Alpha as the capital raising cash cow for a lot of the Georgina project costs, and not the shareholders in my opinion.

Even being conservative which is what Neil was at the presentation when he noted a 1B mine life over 10 years, if income is coming in at 100M a year and half of this is profit and half costs, that is 50M a year in profits, and i do think that is a conservative estimate i am putting in here at 50% for operating expenditure as Neil noted it will be low operating expenditure once up and running.