TSXV:CDC.H - Post by User
Comment by
Roddiggition Dec 28, 2020 9:46am
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Post# 32186890
RE:Cu $3.50/lb
RE:Cu $3.50/lbNo it wouldn't, the reason they sold is because the company still needs to raise lots of money just to get it in "ready to mine" phase. Then they'll need around $20 million to upgrade the facility, hire staff, buy equipment, etc. Braveheart is better at raising this kind of capital and they also have a mine going into production next year. That positive cashflow will likely get Thierry producing. CDC still has upside in 13.5 million BHT shares and a 2% NSR, which combined is more valuable since they both have upside, but no currency risk, no liability risk, no commodity flucuation risk, much safer. Then add in the assets of the CDC/KFG merger and roll it back 3:1, it's a tightly held stock with only 47 million shares, but cash flow positive and upside on the mining side.