abuman,
an extract from the last announcement,
Final cost estimates for Direct Shipping Ore will be determined in the light of the current and
planned drill programmes and upon consequent testwork on sample material. Studies to date indicate order of magnitude costs for Direct Shipping Ore
operations are as follows:
• On-site capital (including village, borefield, airfield,
Roads) AU$75 - AU$100M
If the last announcement is read correctly then the best case scenario is $100 mil capital raising needed almost immediately and thats provided there is DSO.
If Benefication is needed then its many times that figure.
How will they be able to raise capital to that extent in todays climate with SP at this level only points to massive dilution of issued shares.
abuman,an extract from the last announcement,Final cost...
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