Best case scenario they need approx $15m. What chance of debt financing that amount given past record and for a company with only 33m market cap ? Worst case add another 21m for cost of containers. What chance of being permitted to establish bulk storage facility near the port so that only 270 containers required ? Govt may be in favour but environmentalists are going to be out in force = delay/non-approval. I can't see how 3000 purpose-built containers are going to be available on lease arrangemnet; even if they are, supplier is going to want 20% return on capital = 4m p.a.
Interesting that nearly every aspect of the proposal has been altered during the course of WR's employment...... I really would like to know just why he left in such a hurry.
It's a good thing drilling is continuing, good results may increase the price for inevitable sell-off to Rio or BHP.
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Mkt cap ! $16.43M |
Open | High | Low | Value | Volume |
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4 | 2800000 | 0.004 |
4 | 1350249 | 0.003 |
2 | 1200000 | 0.002 |
1 | 1250000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1399110 | 2 |
0.007 | 1117790 | 4 |
0.008 | 4735641 | 9 |
0.009 | 1449688 | 4 |
0.010 | 202241 | 2 |
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