RE: RE: Something I noticed <<Nobody seems to have the answer as to why the 60 million financing did not take place back in June, 2011>>
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Come on. The answer is glaringly obvious: Beyond R-190, the rest of PP is effectively worthless at long term metal prices. And that is TAM's Achille's Heel - nobody is interested in financing a play what amounts to an 18 month economic mine life - everything beyond R-190 struggles to swap 4 quarters for a dollar at long term prices, so where's the economic justification for doing that? Answer: None (unless you get a fat royalty off the top, regardless of profitability, like Peggy and The Rummy have dealt themselves. That it reeks of self-dealing and massive conflict of interest shouldn't surprise anyone if you know anything about that pair's history)