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Obviously, everything above is subject to good positive PFS...

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UberTrader

322 Posts.

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17/04/24

15:45

Post #: 73390475
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Originally posted by UberTrader: ↑

Prioritizing Yandanooka Construction

Based on the company's recent presentation, it seems to me strategically beneficial to prioritize construction of the Yandanooka project over Bidaminna.

Here's why:

Shorter Construction Time: Yandanooka boasts a significantly shorter construction duration compared to Bidaminna. This translates to lower upfront costs (assuming) and a faster path to generating cash flow.

Potential Debt Avoidance: A quicker turnaround on Yandanooka could enable its construction to be funded by existing Atlas revenue, potentially eliminating the need for debt financing required for Bidaminna.

Operational Efficiency: Yandanooka's lower strip ratio offers an additional advantage. It allows for faster loading of materials onto ships, improving operational efficiency.

Conclusion:Prioritizing Yandanooka construction appears to offer a faster path to cash generation, potentially lower overall project costs, and improved operational efficiency. These factors would be a significant benefit to the company.

And hopefully, Gina Reinhart and other big investors will look at IMA with interest !

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Obviously, everything above is subject to good positive PFS outcome !

IMA Price at posting: 10.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 7.8¢		Change 0.000(0.00%)		Mkt cap ! $87.59M

Open	High	Low	Value	Volume
8.0¢	8.0¢	7.8¢	$51.60K	649.0K

Buyers (Bids)

No.	Vol.	Price($)
9	2298191	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	530946	3

View Market Depth

No.	Vol.	Price($)
7	1786191	0.078
1	300000	0.077
3	75000	0.076
2	20079	0.075
1	11000	0.074

Price($)	Vol.	No.
0.080	530946	3
0.082	59144	1
0.089	28088	1
0.090	9959	2
0.095	15438	1

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last 7.8¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
7.9¢	7.9¢		7.8¢	271561
Last updated 15.53pm 17/05/2024 ?

IMA (ASX) Chart