Newcrest15 Apr 2019 13:21
If Newcrest want to own 40% of havieron they need to spend $20m in the first 24 months, that means an average spend of $833,000 per month.
Let’s assume that they have spent nothing in the first month, that means the average goes up to $869,000 per month for the next 23 months
I think they had better get cracking!
BTB