Thanks Speculator. Although I fear that coming back in a year may be too late. I'd keep a closer eye on this one if you have any spare speculative cash.
Yes, Capex is big, but so too is US$400M cashflow based on PFS assumptions which are comfortably below current iron ore prices for expected grade.
I expect significant re-rate once BFS is 50% funded because if they get to 50%, the second 50% will come easy.
CAP Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held