The real bargain will be when they dump the small production business plan they are currently pushing. Is 75 ktpa really better than 200-400 ktpa provided the resource supports higher numbers? Given that there is currently no pure SOP production leverage on world markets and with the price remaining stable a single listed resource company with strong potential to enter production must be a better than average shot of obtaining a competitive finance package.
Ann: Options Underwriting Over Subscribed-GPH.AX, page-22
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