NCUMakes mining.com news on financing package. Bankers were lined up to lend them cash at very favorable terms.
So why is that? Two reasons I think.
1. Copper is becoming the days flavor.
2. There is a ton of cash sitting and looking for a home.
Lets c what kind of terms tko can come up with for florence. Definitely should b as good as ncu. Less than 6% on new loan with 12 month payment differal.
The senior 100 million loan offered 2 year payment differal.
Lenders r competing.
The gib rebond should b under 6% as well.
If tko puts 100 million in florence there should b zero problem securing 200 million at less than 6 %.
Maybe sell 10% jv for 100 million and then only 100 million borrowed funds.
nf