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If you don't understand why I double the 30 and 21.5, than there...

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396 Posts.

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16/07/17

13:40

Post #: 25892100
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Originally posted by binwood ↑

Well firstly why are you doubling the 30 and the 21.5?

Secondly the 21.5m loan is part of the 80m if the JV goes ahead. You have AUD$145m for well over 200m of capex. PLS spent almost 100m on capex outside of that plant + WC + feasabilities etc. They have probably spent $350m. Tantalite won't add more than $50m to capex. So KDR have at least $250-300m just for 2Mt. KDR likely need to contribute AUD$75-100m. They have $40

And you clearly didn't look at the core logs. KDR have wayyyy more pre-strip to do than PLS and there is no gold at that end of the deposit.

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If you don't understand why I double the 30 and 21.5, than there are no much we can discuss.

KDR Price at posting: 56.0¢ Sentiment: Buy Disclosure: Held
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