"Murchison and its Japanese partner also won the rights to build WA's new $4 billion port and rail project through their joint venture Oakajee Port & Rail." "Murchison has $143 million in cash on hand and no debt, which Goldman Sachs says will provide the company with ample funds to progress the studies for Jack Hills Stage 2"
Any idea on how the port is going to be funded? Seems to be a slight shortfall in the amount of capital there. Is this the type of thing to make the co go belly up as they run out of money to fund their pipe dream?
MMX Price at posting:
$1.09 Sentiment: LT Buy Disclosure: Not Held
