GREY:STTYF - Post by User
Post by
fanofsgon Jun 05, 2013 10:24am
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Post# 21486612
CZN from DH
CZN from DH
"Canadian Zinc needs to raise approximately $230 million to fund Prairie Creek into production. As part of the $10 million NSR royalty that was announced last week, Canadian Zinc can convert the royalty into a stream as long as the stream is no less than $90 million. A $90 million stream would account for approximately 30% - 35% of the remaining capital required. Keep in mind that Prairie Creek has had over $200 million invested into the project to date."
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"We do expect Canadian Zinc to be able to finance the rest of the required development capital..."