re: Ann: Updated-Raises $40M to Continue Deve... I bought in...

re: Ann: Updated-Raises $40M to Continue Deve... I bought in quite a while ago, havent got a big holding but avg is 9c, so can afford to average up.
The CAPEX and OPEX for CEIP was a bit off putting in the current economic climate, but will see how the 20M tonne case looks for both.
Hoping OPEX gets to sub $45 FOB.
Gawler sounds interesting as their initial target, 1-2M of a high grade, clean concentrate would be a nice little earner.
Might really take the pressure off CEIP funding if the OPEX and CAPEX is low enough.
It would be a tenth of the CEIP production size, higher grade and supposedly a simple dry process, so who knows, CAPEX for plant might only be $200-300M.
No idea about the OPEX as not sure where they would ship it out from - or the CEIP product for that matter.

Build 150ish km of rail and upgrade the Thevenard port and use it for both - or build rail from Whyalla to Kimba??