RE:RE:RE:RE:RE:RE:Re Stuart Interview23 minute mark.
Capex at 230 million
20 year mine life
80 million pounds a year
40% IRR
25 minute mark. The $25 raised is for more detailed engineering to prepare for construction, continued operating costs for the test facility, some working capital for financial health.
26 minute mark. Does not believe the value of Florence is included in sp so further dilution now is dangerous, mentions that a jv partner could be the vast majority of equity requirement and then mentions $100-125 million. We would look to fill in the remainder with debt or some other form of financing or "another form of small corporate equity raise" (read dilution, or a second jr partner).
You are right in correcting me. I assumed that any fill in there would have to come from cash on hand. They talk about a $700 million epv and then mpv. Not sure what mpv is. What we do know is that 80 million pounds of copper a year at 2.40 US profit is nearly $200 million per year profit (not including capex costs).