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Olympian, my question is, why give away 50% for funding?Why not...

  1. jmeery
    101 Posts.
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    21/07/07
    15:52
    Post #: 2641283
    Olympian, my question is, why give away 50% for funding?

    Why not go it alone and borrow to fund the initial capital costs, probably need US$800m - but with a 30k tpd operation it could be paid all off within the first year!

    Might take longer for the stock to get rerated without such a deal but in 5 years time wouldn't we rather take 100% of the upside?

    PGM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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