Been buying more HLX of late a takeover target if their ever was Yalleen a very nice asset I'm sure others are keen on the expected large cashflows
going off the RB Milestone Research report HLX will need 181mill CAPEX 70% debt based so HLX will need to raise round 30mill to pay for their 30% share to bring Yalleen iron ore mine into production(HLX have a good set of J.V deals an good exploration grounds that will likely be sold to help with the 30mill)
the life of the mine 12yrs average production 5mtpa iron ore --cashflows after costs=$317,750,000 per year (HLX earning 30%)
Yalleen Upside -resource base increases/I.O prices increase Downside-Iron ore prices falling costs rising etc
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