Also note that Tanami sometime ago announced that the new capital costs would be about $40m. We could break up into:
- $20m for recommission the Central Tanami mill
- $2m for camp facilities
- $8m for open pit cut backs
- $10m for increasing capacity of the Western Tanami mill plus some working capital.
There still seems to be some uncertainly about the terms of the loan agreement although should be answered bfore or at the next agm
simple valuation of tam, page-21
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