Total capex for the project is forecast by the company at ZAR 284m (US$ 42m) including a contingency of ZAR 23m and will be funded from existing cash, cash flows, and a debt facility. We understand that the split in funding has been finalised at 70:30 in favour of debt and that debt funding with ABSA is close to finalisation.
short term price target of $0.13 fully diluted, page-11
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