Guesses
At this point, it's anyone's guess as to what is the required equity component of a financing deal.
I'm just going from very hazy numbers, but if the inflation-adjusted cost of remaining construction is in the neighbourhood of half a billion $, poor old Sabina needs $150 - $200 million. Pick a currency. Either way it's a BIG number.
Nice to see a very detailed progress report. Obviously, all this stuff doesn't just happen with a snap of the fingers, so full credit where due. A LOT OF WORK has taken place to get to the point where barges are coming down the Mackenzie and sealift ships coming from Montreal. This is a BIG deal.
I own some stock. I would own a lot more if I had a financing deal to allow me to sleep at night.
I'm willing to give this a few months patience. If in the cruel days of November, height of tax-loss season, I might have to make a decision as to whether to average down at sub-$1.20. Maybe.
On the other hand, if things go contrary to history, I might be adding to my position at $2.20.
Interesting story, no?