The IRR is irrelevant to getting funding. WPL had the market spooked as the funding for Browse was a significant % of the market cap of WPL, and WPL had an income stream with a 50% margin.
I am not aware of any bank lending 4 times the market cap of a company to build a resource project. If you are aware of any, please let me know.
RXM will need to do a capital raising of at least 2/3 of the price, and then the banks will lend the rest. Alternatively, a JV will need to be done or they on sell the project. The market has priced in these alternatives and the sp reflects this.
HT1
the best undeveloped copper play in aus?, page-30
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Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.4M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 45.0¢ | $472.7K | 1.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1860211 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 1156798 | 16 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| RXM (ASX) Chart |