Ragnarolf - ~1.2b is Kal/LAMP/Mt Weld, and we have already a big chunk of it. Perhaps many missed it/don't keep track of it, but in FY23 we had a capex spend of close to $600m.
After Kal and Mt Weld is done, we will still sit pretty with a cash pile.
Simple graph following net cash capex:
-Teal is planned capex minus capex spend. -Orange line is cash position minus remaining capex (i.e. cash minus teal line). -X-axis AUD millions.
This would indicate we are already sitting on more than 500m post all capex spending.
Note: capex is not detailed, so there are other expenditure included there (such as exploration), but vast majority will be for our big projects.
DYOR
LYC Price at posting:
$6.73 Sentiment: Buy Disclosure: Held
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