RWD 6.25% 3.4¢ reward minerals ltd

insitu resource value $15billion for lake d, page-13

  1. 1,478 Posts.
    lightbulb Created with Sketch. 9
    to the red underliner:

    In the Shaw note, capital is assumed to be raised as follows:
    $60m @ $1.20 ps.
    $60m of debt.

    Neither remotely achievable now. Big companies (IPL, RIO etc cannot even roll over their debt facilities, forget about mining specs getting project finance).

    I am not saying all is lost, but its not as simple as winning the court case.


 
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