GREY:NEVDQ - Post by User
Comment by
mrmomoon Oct 04, 2021 10:38am
209 Views
Post# 33960564
RE:RE:Some additional notes....
RE:RE:Some additional notes....westcoast100 wrote:
"It is true that the recent agreement to extend the KfW loan for another month was not the same as the stated capital raise that may be required this fall. That captial raise could come from more debt instead of equity. A copper mine is indeed an asset one can take to the bank. I urge anyone interested to read about KfW. It is owned 80% by the German federal government and 20% by the German states. It is effectively an environmental and social development bank that makes investments important to the German industrial base.egardless of whether it is debt or equity, the company does not need a huge amount of capital to get steady production under way. Maybe the whole thing will be sold to a major mining company."
Well stated and agree with MOST of what you've expressed here. BUT the fact remains that mining is very captial intensive & requires A LOT of it.......constantly. The company has a burnrate of $5M-$10M every qtr depending on what they do. So how long you do you think $12M will last, 3, 6 months? Like i said, the $12 mill was a temporary bridge loan to keep them from losing the project and they WILL require much much more next year to get the mine into production........Take this info for what you will.
BTW......i'm NO joker on this. Batting 3 for 3 so far on this dossier.
Good luck & God speed