Santana Minerals SMI - The next large Otago Macraes Gold Deposit ?

[Daytr]

Wouldn't think so. Still MUCH more fun to be had.

Only way could see that is if they couldn't see themselves getting consent or raising the money or operating the mine.

Uncle Shane will take care of the first one.......

Or maybe a JV - OG have been at McRaes for years but how much longer has that got??

The early stage estimate of Capex is only about 5% of gross revenue of NZD4Bln over 10 years at the current good price.

Hopefully they largely debt fund the Capex.

With Cooky's record there should be no issue raising the equity & debt mix.

[whatsup]

The early stage estimate of Capex is only about 5% of gross revenue of NZD4Bln over 10 years at the current good price.

Hopefully they largely debt fund the Capex.

With Cooky's record there should be no issue raising the equity & debt mix.

Very hard to do that for a N Z based company where B S Greenies rule the roost .