ORE 5.11% $6.13 orocobre limited

Estimated cost has crept up to 295m USD. Crystallisers are...

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  1. niu
    1,510 Posts.
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    Estimated cost has crept up to 295m USD.
    Crystallisers are sitting at a possible 15m USD on top
    Naraha has been mentioned as a possible 6m USD contribution from ORE so lets say 10m USD capital required
    295 + 15 + 10 = 320m USD
    New debt funding package is 180m USD
    So ignoring stage 1 cashflows during construction, shareholder loans would be maximum of 140m USD, and of this 75% comes from ORE = 105m USD

    ORE are currently sitting on 308m USD cash, so 203m USD cash remains available for other purposes.
    Cauchari ? Seems to be gathering momentum. ORE's interest in the project is approx 50% (25% direct interest and a roughly one third share in AAL which holds the balance). Well funded for that.
    Stage 3 ? Far too soon
    Borax...? A smallish investment if it was too happen.
    Something out of left field ???
 
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