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??
IRD Price at posting:
31.0¢ Sentiment: None Disclosure: Held
