RE:RE:RE:RE:RE:RE:RE:Dundee Corp. owns an estimated 35% stake in Woulfe Mining TechOne wrote: Before Dundee got involved, depending on IMC involvement and finalization of the deal, multiple Korean Banks were more then willing to advance the loan at very low interest rates so I don't see why it should be any different if the deal is consumated.. At one point, IMC had indicated that Bank financing would not be necessary since they were willing to do the financing part as well..
That part of the deal, as far as I know, still stands . . . in fact as far as I know, except as publicly modified, the entire deal stands as is pending proof of economic viability. e.g. the bank wants to get repaid. All the have to prove is that they'd have to be idiots to lose money in this particular mineral, and they'll be on board IF there's enough left in Sangdong with a high enough % of WO3 to make it worth pulling out of the ground.
I think there is enough, I think the test bores will show them the path to follow, finalize the mine plan, and place it before IMC and the bank, who will most likely BOTH sign on the same day once everyone has agreed to get together and finalize the terms.