RE:RE:Sellers drying upThanks nf.
I did not know there is or was a second mill on site. Is it mentioned in the PFS? (I only skimmed it for specifics but didn't notice that.
N
nofluff wrote: On surface. A lot would not make much sense about this financing. 3 year term. 1 year holiday. More than the 20 to 30 million talked about lined up.
5000 tonne per day processing around the corner. 4.30 cad copper. 2500.00 cad gold. A money press for sure.
Dig a little deeper and it all makes sense. The goal is to prove up the tedyboy deposits. Possibly 3% plus copper equiv. and to prove economics on open pit with the goal of ramping up to 300 million pounds per year.
So they need drilling funds. The underground mine is great but the drill will make the most cash.
Perhaps someone knows the original mill state. I imagine it is still on site.
Perhaps 30 thousand tonne per day. Probably 100 million to bring it up to standard. Tiny by 2day open pit standard but plenty big for processing 3% tedyboy with low grade top ore from open pits.
That while 2 hundred million pound annum mill being built.
What a story this is turning out 2 b.
Looks like the .105ers r all taken:))
Happy guessing
nf