RE:RE:RE:RE:Let's keep it simple.Thanks for that kw. There would b some fees alright. Also 13 weeks of mining and milling would cost about 42 million. That would leave 18 million for infrastructure. However, there is no concentrate sales there. If mill at nameplate, then deposit is worth a lot.
In research, chpt 11 often quickly goes to chpt 7. But chpt 11 with a dip loan is said to be done to keep corp in business. The court docs. Say the corp will be sold as a bisiness in it's entirety.
I do not understand Pala waling away from a billion dollar investment unless it would sell high enough to
at least break even. There should b no payments to lien holders pre 11. Costs going forward should b all there is.
TF was in line for the early lien, so why would they ante up more just to get others paid.
Of course, perhaps there are bids out there that will pay for infrastructure and insitiu copper.
At 0.50 u.s. a pound, would b about 3 billion plus. So over 1.00 sp. That is what is fair.
Instead of belonging to the good old boys club, majors may actually start competing for assets.
Nf for now.
Nf