TSXV:TVC.H - Post by User
Comment by
nickbillfishon Nov 05, 2021 5:03pm
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Post# 34094285
RE:Financing
RE:Financing
StockPick40 wrote: With this recent financing deal everything is all good here. Things are ready to move forward, and they have the capital to do so. Agree with user below that that is a $120 million+ market cap to begin with. I'd like to see this featured more.
They will be awash in shares and cash soon, but the upside is capped on this. They doubled the share count and doubled the market cap. Now you have 50 Million warrants at .45 cents and another 21 Million warrants at .70 cents. At 100 Million market cap that will raise another C37 Million in cash as the warrant owners will excercise, this is about 1/2 their outstanding debt. Plus management can award themselves up to 10% of the out standing shares.
The grade at PMM is 1.51% and 100 Million pounds of copper. Block caving, not much CAPEX is needed once the mine is complete. My guess this will be trading around C$1 end of next year if everything works out.. Still a good upside from here at c0.30.