Relevant Media, page-3407

well before the IPO i never would have imagined that ARU would be ahead of ASM in development but here we are.

based on their debt funding package presentation they are looking at 56% debt funding with the balance of ~$800M USD from equity.

since ASM has a similar total cost, lets say 2b unless they can stage it, this would mean $880m of fresh equity if ASM could get the same leverage. by this stage i wonder if it's just worthwhile to wait and let ARU develop a 3rd party processing centre and not build anything on site in dubbo apart from the mine. my guess is that its not quite economical to train the ore to alice springs and then back out to darwin for export, but maybe it is if the capex saving is enough to justify doing all this. anyway, regret not selling everything over $10