Does Jubilee board think they can just walk away with PLA's asset for just peanut AUD 8.6M?
-A fully functional mine with 80 000 ouch/y -An operating processing plan - cost $40M-$60M to construct. At the moment JBL have to pay to PLA to use the facility -2 other large surface Platinum mines already fully BFS and mining license application pending, ready to construct.
Let see what JBL get if PLA share holder vote NO to the deal.
-Pay PLA to processing ore tailing -A million years to build Tjat mine -Find finance of $200M+ build Tjat mine -Construct mine and processing plants -Share price drop down to 2p? -X amount of debt in their account.
Let she what JBL get with current proposed merge/(asset robbing PLA)
-pay AUD8.6M to with their peanut share and wall away with all PLA asset + all their above problem solved using PLA asset.
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
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