RE:RE:SEA Tunnels
Marcus, there is no shortage of money available for economic projects.
Total capital cost is not a problem - and when single project risks have been too large for one to swallow they canvass the crowd for partners just as bankers do with loan consortiums to spread risk.
BHP, Codelco, Glencore, Freeport Mac, RioT, Teck, Newmont, Goldcorp, Barrick, Chinalco, Vale, Jaingxi Copper, yada yada. And there are a ton of mid-tiers who would cut in for a piece of good action if they could.
My best guess is the Three Amigoes can be considered as a single negotiating entity because the price acceptable to Tudor for 60% is easily translated to the 20% ownership of TUO and AMK, and Sprott has influence over all - a lock-up of his and Storm's shares will in all probability swing a deal.
Fronk is difficult, who knows. But the pressure brought to bear by the government and the Three Amigoes, given SEA is landlocked, will be considerable.
I don't think there is any doubt, the KSM/TC deposits are one of the prime mining development properties up for grabs globally right now. Tens of millions of ounces of gold, billions of pounds of copper, long life, stable jurisdiction ... some challenges in the terrain for sure, but every mining property has some challenge. Consolidating ownership is the least of the problems if the price is right. Money talks. And we are in a cycle of huge liquidity, inflation, low rates. The investment world is asset starved. Gold and copper in the ground, if it is economic? Attractive.
cg