GREY:PGDIF - Post by User
Comment by
Durkastanon Nov 19, 2010 11:10am
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Post# 17729628
RE: Re: lets make a deal
RE: Re: lets make a dealOf course they don't have the cash at this time to build a mine - not even close. They just did a financing and raised 12 million - a mine is going to cost hundreds of millions. But the cost is of no concern right now - if they prove to be sufficiently economic then the money will be there.
BHP would finance their share without a second thought, and PGD could do a large equity issue at prices much higher than today's.
Those aren't really going to be concerns for at least 2 more years. Until then, the name of the game is finding resources and proving them to be economic.