exploration risk is very low on my list...if they find nothing they can still survive.
The highest to me are
Financing and market risks
CS would rely on european funding i presume? Market downturn could lead to funding withdrawals or delays till market conditions improve.
Cost blowout and skills shortages
I live in WA and this is quite a severe problem. Just google WA skills shortage or cost blowouts. 60m price tag... could escalate... and capital raising to meet shortfall. The end of 2012 production date is a bit ambitious imo.
Here is just one example... even BHP, Woodside are facing major issues. Gindalbie metals did do a BFS btw...
http://www.theaustralian.com.au/business/gindalbie-metals-joins-cost-blowouts-list/story-e6frg8zx-1226084436297
risks, page-3
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Last
77.0¢ |
Change
-0.053(6.38%) |
Mkt cap ! $70.43M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.0¢ | 77.0¢ | $8.903K | 11.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9449 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 9995 | 1 |
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| Last trade - 15.49pm 17/09/2024 (20 minute delay) ? |
| MYG (ASX) Chart |