Marillana has about 400 MT of ore at about 61.5% after beneficiation. Opthalmia about 340MT at about 60% grade. Min Resources is taking 50% of the ore to fully fund the rail, port costs and half the mine cost. Plus they are to also provide BCK with a loan for them to fund their 50% mine development, with repayment to be from mining earnings. So yes, BCK doesn't need to do a cap raising to get the mine up and running. To date, any funding needed to keep the company afloat has been secured through the billionaire Chinese shipping magnate who is our major shareholder.
Will Hancock and Min Resources commit to the Pt Hedland berth development?, page-10
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BCK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 579750 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 248999 | 1 |
View Market Depth
| Last trade - 16.12pm 28/06/2024 (20 minute delay) ? |
| BCK (ASX) Chart |
Day chart unavailable