E25 5.56% 19.0¢ element 25 limited

Grosvenor Gold Project

  1. 75 Posts.
    After studying the key metrics of the Grosvenor Gold Project ( page 3 of the RNI Quarterly Report dated 30 January, 2015 ) and yesterdays RNI announcement, it would appear that RNI on its own is having some difficulty in obtaining sufficient financie confidence for project financing despite the much improved AUD price of gold.
    Total debt required is $ 40 including a $ 2 mil contingency amount required pre-production... Then comes the cash flow !
    IF RNI had a jv partner then of course a financier would likely feel much more comfortable. ( more on this in a little while ! )
    Base Case from the metrics suggests debt payback in just 2.25 years and free cash flow of $ 92 million over 4.75 years
    IF someone such as MZM became a 50% jv partner then part of that deal would be MZM financing 50% of the $ 40 million debt required, which basis its balance sheet/chinese connections it could easily do, resulting in MZM having its desired "near term "production and cash flow available in say 9 months time.
    Succh a scenario would be a massive boost to the value of MZM.
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