Post by
fishmillion on Nov 15, 2020 8:26pm
Waiting for financing
Although flo is not de-risked enough for financing. Ie. Need permits, design drawings, updated costs an feasibility, ect ect. I think a rough build cost will be 400 mill +/-. So tko needs about 50-70 to run gib. So basically dont have a pot to ..... So the best route would be to sell a majority interest in flo to an experienced miner. One with money... let them build and operate.... tko gets a share or productiin. The partner could fund tko portion from future production. So i think 80 - 100 million for 75% ... partner upfronts tko portion of build ...aprox 100 mill. Its paid back in copper...... that should boost tko to 2 bucks. De leverage company alot and share in the upside.. and russ is retired anyways