RE:Taseko shoud do another finance With CU over $4.20, they may be no need to, but TKO does not know how long it will stay up for, and nobody else does either.
So they hedge their bets, always. They never stick their neck too far out (well, they have in the past, and that is why we still carry the debt).
They understand leverage (except when they mine just dirt, during CoVid, get out of their comfort zone...)
They do NOT like being anywhere close to being out of cash, so 50M in the bank is always where they want to be, as a minimum.
So, a bank loan, 3-5% 100M, 1st mortgage on Florence, massive leverage at current CU prices, to get the plant fully operational as soon as possible, that wee interest, the bank will love it, but TKO will love the plant being up and running, and still have their cash cushion. The loan costs will be a small fraction of just the first few months of operation.
Far better than a JV
JV the Yellowhead.
KW
Whvcgold wrote: They did 400M aleady Why not to get another 50-100M