you forgot to add that despite amer production the last financials showed an operating loss, not like they are profitable is it. �200m mkt cap and not making any money?. not great obviously.
ausd$1.53m, so just �840k to bfs. how much jorc is the question?. Westfield contains 800m tonnes alone so see what comes from that. 100m+ tonnes plus of commercial coal I think min target.
not getting you. what is the point of raising $20-30m by means of huge dilution if they only need $1.5m? this is good news for investors as dilution will be minimal. this is all about proven it up to jorc/ bfs.
again. they do not need this $33m. they only require $1.5m (bfs target) and they have a big chunk of that to cover the next phases as stated. there is no need for huge dilution now. they don't just put money in the bank it comes at a cost to shareholders.
I agree but they look to be trying to do all this with as little dilution as possible which is good for investors. they have already said they are funded for the next phases so don't need anything at the mo.
what �20m?, they only need $1.5m to get to bfs. at that point if a big jorc is proved up 100m tonnes+ of thermal then someone will buy it - probably Chinese. dilution has been cut hugely.