It will take the raise, all cash on hand and the new debt facility to build Odysseus....
Read presentation announcement from last week - Ann: $100m Equity Raising Investor Presentation
Complete Odysseus development: ▪ A$243m remaining capex required to complete Odysseus as at 31 Dec 2020. Key items include completing the haulage shaft, underground development and construction / refurbishment of the mill and associated infrastructure. ▪ Odysseus will be fully funded to completion ready to meet first production of concentrate targeted in FY23 . Funding sources: ▪ A$98m cash at bank (31 Dec 2020) ▪ A$75m agreed term sheet facility with CBA ▪ A$70m proceeds from equity raise ▪ Total A$243m in cash and facilities to complete Odysseus with equity raise
WSA Price at posting:
$2.03 Sentiment: Hold Disclosure: Held
