RE: Target 2p π₯3 Dec 2025 07:41
Stop with the constant talk of funding issues. The company has already made it clear theyβre fully financed through at least the end of 2026, supported by the Cobre operations delivering A$1.2β1.5M in free cash flow annually.
The Leigh Creek sale - expected to complete this month - will provide an immediate $2M cash injection, with a further A$4M in milestone payments anticipated over the next 12 months. Add to that the 20% stake in a listed entity valued at roughly A$3M, plus existing cash reserves and upcoming reimbursements for drilling under the grant program.
Incredibly rare opportunity when lower grade peers are valued between Β£100-200m