I agree, funding for this project should be very easy- relatively speaking. We may still have around 50% of the very low capital requirement in cash, and that leaves bank funding of the remaining 50% a near certainty if the FS confirms the scoping study results. In fact it should do much better than just confirm because by the time the FS is completed, resources should grow, quite possibly by multiples (I am banking on min 50%). 50% should boost the NPV above at least $350-400mill (amount would depend on grades of added resource). As Allday suggested, banks would line up to lend 10-20mill for a high margin gold mine in Australia with that sort of NPV. I don't see any need for a cr after a FS is completed. This share price is crazy. I could not help selling some other holdings to add today.
ABU Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
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