RE:tko pipe lineWith copper at $4 Gibralter's cost of production varies. On the high end of the range ($2,10) Gibralter should produce around $240 million free cash flow per year.
Florence producing 80 million pounds at a .90 cost per pound should produce $250 million in a year.
Subtract roughly 28 million to pay the bonds. $450 million per year if copper stays flat from here.
What is the market cap for this company?
Next year. Use present cash and cash flow to build Florence.
2022. Pay off the notes or start raising cash for Yellowhead.