Well good luck to all new and longer termers. When we look ahead it’s very clear where the equity will come from for Vermelho and Araguaia line 2. The future is looking very secure with a tier 1 team sheet, assets and board.
Well that was an interesting day for sure. News likely in next day or so to confirm that Teck are out and someone else has taken the stake. I did wonder why they didn't participate in the funding round and though it a bit odd. I imagine they must be focussing on their wholly owned assets with their CAPEX. Lets see what the news says in due course. Meantime good to see us break out of the 7p marker...... and onwards to where we should be which is a much higher factor of NPV than we are at the moment which is about only 0.3/0.4 and should arguably be double that.
RE: Handy link for those staying for the build07 Apr 2022 00:39
mjb - is this of interest.
I think the local weather is very relevant, the wet season ending will the ctalyst to see major groundworks commence and heavy rain through construction is one of the key risks that cant be controlled but only managed, the dryer it is the better. I for one will be checking in on it.