RE: So what needs to happen next?24 May 2021 12:21
I've thought for a while the figure in the RNS about the US bank offer was the figure and today they seem to have confirmed it.
'Post-period, in February 2021, we announced the receipt of a letter of interest from the Export-Import Bank of the United States ('EXIM') for the capital requirements of the Dundas Project.'
They are revising again it seems though to make more enviro-friendly but has stated this may bring further cost savings. If prices are around $350pt and our AISC are around $100, we are going to make lots of cash. 340,000 at these prices mean $85m profit per year, and we still have another 100,000 tonnes left to sell. $85m a year with a mine that some say can produce for 50-100 years.