"* 3mtpa mine production to commence in late 2013.
* Total capital costs of A$250m fully equity funded."
And once again maxw, both of those predictions from MPS have proved to be totally incorrect.
2013 has been and gone and no production has started, and the $250m capital expenditure has nearly doubled. All-the-while, and most importantly, it is not fully equity funded either.
Have they (MPS) got one right as yet.?? I don't know. Just asking!! :-)
Why people/investors insist on believing what Brokers are saying, and investing their hard earned accordingly, is totally beyond me.
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just quoting, page-147
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