RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Everyone On CNBC Agree. ARTG was the poster child of how to do it right. Mark Twain said a gold mine was a hole in the ground with a liar standing over it. There are far far too many failures in this business for me to give anyone the benefit of the doubt. Show me the numbers when you say you will or count me out until you can.
I highly doubt TLG can raise $1 BILLION in debt. It reminds me too much of WRN who has limped along for years and still has no timeline to production because of the cost and low grade. There are differences to be sure but a Billion $ at 8% or more interest is a heavy load.
I think it's most likely that a Newmont or Barrick buy the project soon while it's still cheap, own it 100% and develop it with internal funds.
Would you loan Justin a Billion?
ARTG shows it can be done and that's a big plus but a Billion $ is way past my comfort zone for something several years out