GREY:ABGPF - Post by User
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BlueGuitar1on Nov 30, 2015 10:00pm
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Post# 24341050
RE:RE:Good read - Baxter comments on PEA
RE:RE:Good read - Baxter comments on PEAMy favorite quote from that read was, "The PEA for Coosa points to initial capex of US$43.2 million with a pre-tax payback period of 1.9 years (post tax 2 years). Significantly, subsequent capital expenditures (pegged at US$84.4 million and set to start in the project’s fifth year of operation) “will be funded not through dilution, but cashflow,” according to Baxter.
Sorry about my over enthusiastic failed prediction on shareprice last night. I would have paid more today, but after watching the trading pattern decided to let the sellers come to me. Added 200,000 at $0.20 today. Let us see what happens next. Good luck.