re: to wwhl correction to 1. 1. BFS (Bankable Feasability Study) and (Cap ex) Capital Expenditure is explained in their announcement 15 August 2003. It states approx $18 million (Including $3.5 million for reserve definition drilling and feasability, pre-production mining and care & maintenance during construction period). I imagine this would be funded through debt as $18 million on a (RV) realisable value of either $51 million or $110 million does NOT represent a high lend ratio.
Constructive comments & discussion please.
I hold bks
Always seek professional investment advice before investing
BKS
burdekin pacific limited
