TSX:TECK.A - Post by User
Post by
railwazeon Dec 26, 2014 1:19pm
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Post# 23265748
senior debt facility of up to US$10M to finance 100%
senior debt facility of up to US$10M to finance 100%
The term sheet contemplates a senior debt facility of up to US$10M to finance 100% of the capital requirements of bringing Telamayu into production. BacTech plans to conduct two drilling programs at Telamayu; firstly, a more detailed evaluation of the Antigua tailings to optimize the design of the processing plant; and secondly, to confirm the resource of the Nuevo tailings. Upon satisfactory results from the drilling programs, BacTech intends to build a 500 tpd gravity-flotation processing plant that will produce a copper cement concentrate and a silver concentrate
Read more at https://www.stockhouse.com/companies/bullboard/t.tck.b/teck-resources-ltd#k9tbrvGmWp2zE26v.99