EMR 0.86% $3.46 emerald resources nl

Good article except he got the construction cost wrong (it is...

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    Good article except he got the construction cost wrong (it is $US 98 million) and used the post tax NPV as the cost!!! That aside, it was positive PR and the thing about the current CR is a lot of it (24 million of the total 30 million) is going into construction and long lead time capital items. essentially we have started construction once this CR is complete and that would also suggest that finalisation of finance must be close as you would not start construction and ordering long lead-time plant if you were not confident that finance was forthcoming.
 
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