Hey @redned71 these are my ponderings to - how can we keep Mt Lindsay on the fast track to production?
Its a well advanced project with low capex, previously stated as 50mil but increased costs recently I'd say more like 80mil.
I mentioned on another VMS thread, that I'd be happy to see us offload one of our projects to assist in funding. To be honest I'd be happy to offload 2 projects. I know this would be controversial with some holders. What would NGG and Kulin be worth and could they be sold outright rather than a JV or royalty stream? Perhaps not immediately but in the next 12-18 months once they have proved up a bit more.
If we could get say 20mil for those 2 projects + 20mil CR and put that with 40mil govenerment or bank debt, could that be a viable strategy to get Mt Lindsay up and running?
Would also be happy for a TO but I cant see that happening at any decent SP.
AIMHO
How do VMS pay for the tin?, page-13
Add CRI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $29.39M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $17.71K | 1.607M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 4100116 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6422702 | 12 |
View Market Depth
| Last trade - 15.56pm 14/11/2024 (20 minute delay) ? |
| CRI (ASX) Chart |