SRK has estimated the total capital expenditure for new equipment and infrastructure at US$75.6M, which includes owners’ costs, an allowance for contingencies and working capital.
it is likely that the final capital expenditure could be reduced to between US$40m and US$50m prior to contingencies, but including all owners’ costs and working capital.
At present, the above capital expenditure scenarios are indicative and actual capital expenditure would not be established until the completion of a Bankable Feasibility Study.
"2009 annual report"
Importantly, MAC have indicated to the Board they have the capacity to fund Pungkut all the way through to production, should final project economics merit a development decision. This change in underlying funding dynamic is highly significant for Oropa. In the past, a reliance on small capital raisings has impeded progress at Pungkut by preventing our exploration team from committing to longer term capital programs.
ORP Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
