Did anyone else notice that the stage 2 debt facility has now been agreed at 180m USD - up from the previously indicated 100m USD.
That leaves them well cashed up...
Stage 2 Project Cost 295 m USD 1 Debt facility 180 m USD 2 Equity required 115 m USD 3 ORE share of equity 86 m USD 4 ORE already contributed 21 m USD 5 ORE balance to contribute 65 m USD 6 ORE Dec 31 cash 284 m USD 7 Remaining cash 219 m USD
Naraha was going to need around 6m USD from ORE
That leaves a lot of cash available for Cauchari or Stage3.
AAL website indicates the Cauchari feasibility study being delivered in the next quarter for a 401m USD 20ktpa. Subject to permits, funding, and off take arrangements, it could be under construction before the first carbonate is coming off the Stage 2 line.
It is going to be a very busy couple of years.
Ann: Orocobre Limited - 2019 Half-Year Financial Results, page-18
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