RE:RE:RE:The Juniorssw248 as Gensource reported previously, Helm pulled their $50 million equity portion, if I recall shortly after the KfW IPEX Bank and Societe Generale $280 million debt financing terminated.
Not that unusual as equity financing generally tends to be associated with debt financing to some degree in any big project.
Strictly my guess sw248, but with rumored issues at the two mines that did give this horizontal mining technique a shot, I could see an investor agree to front the cost of building an operating proof of concept cavern to prove GSPs tech, but I find it really hard to fathom hundreds of millions of dollars will be invested anywhere in this novel sector, until the process can be shown to work with absolutely no hiccups.
As mentioned in an earlier post, I believe that an initial simple single downhole cavern could be completed for a couple million dollars. Gensources design may be significantly higher if they still intend on relying on the previously reported Moab model due to all the drilling involved.
I think by now most folks realize that although vaguely similiar, the Moab mines are not a great example of the type of mines the juniors in Saskatchewan are trying to build, unless of course it incorporates the use of a flooded, abandoned conventional mine, which there arent many of those in the province.
As oldsalt72 mentioned in a previous post, Mosaic's flooded Esterhazy mine could possibly be used, but I am not sure Moab's current production model supports the volume the juniors in Saskatchewan were previously promoting.