Legendary and Pete,
Appreciate your comments but a couple of things.
1. The change in tax laws means now that prestripping can't be capitalised. As such it becomes a straight operational cost.
2. Add the 50m pre-strip to the sustainance and maintenance and you get at least 100m cash outflow here.
I acknowledge that its one (if not the best value I/O play but just want to make sure that peoples expectations of increasing cash at bank to match their market cap is not going to happen.
cheers
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7 | 163491 | 0.340 |
4 | 113241 | 0.335 |
4 | 95320 | 0.330 |
2 | 69233 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 6595 | 1 |
0.355 | 136972 | 3 |
0.360 | 125330 | 5 |
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