HacketIf I remember they sold Hacket right at top of the silver price. Pretty sure BM had nothing to do with the transaction. I would approach Sprott and KL to see if I could spin off the royalty for a low interest loan. Sprott is chasing silver projects right now and dabbling in royalties. Or bring them in to form a new company and try and to get it back from Glencore and finance both Hacket and Swanny River. The royalty is so large it makes Hacket detrimental to bring to fruition. Im sure silver would have to be 40.00 for a long period of time before anyone would feel comortable giving us serious dinero for it. Backstopping a low interest loan with the amount of cash flow major gold producers have right now is drop in bucket. Even a major silver producer might be able to tackle it in short order if silver price can stay at these levels for 6 months.
SBB has spent millions on Hacket. How about BM sit down with a pencil and paper and give shl a figure after all his de risking, how much they need now to raise to build a mine after spending 10's of millions on the supposed de risking. That figure should be dropping like a rock. Probably not. Hopefully that cost hasnt went up as much as we have spent last 3 years.