You could be right @padhai however I thought we're only at DFS stage of Rentails and our share of cost for the DFS is only $1.3m and we're unlikely to hear of the results of the DFS before Q3 CY22 at which time we'll know our share of the Rentails investment which based on the DFS done in 2017 was around $100m.
So by the time money is needed for Rentails and assuming the demand for Sn holds up we might not need debt from anyone.
We could see ourselves with $60-70m in the bank at the end of this qtr and pushing the $100m early to mid next year, so we might be able to have our cake and eat it to.
MLX Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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