GREY:PGDIF - Post by User
Comment by
shnepson May 23, 2018 6:56pm
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Post# 28072270
RE:RE:RE:Comparison
RE:RE:RE:ComparisonDepends on where your financing is based. Look at MPVD. Their financing is almost all in US funds and that is what killed their bottomline last quarter. Stornoway is still (and may be forever) digging themselves out of their financing deals. This particularly will be the case if they continue with the number of VP's, etc. they have on board. All these finanacings are based on feasibility studies that have not been aligning to make the newest mines what they were in the days of Ekati and Diavik.
Speaking with Peregrine, last month, the conversation was about the difficulty of financing in such a small space (Diamonds). There is a very limited number of financiers in this space.
The Peregrine team loves the project and wants nothing more than to see it come to fruition. Not sell. All money raised does not have to come through an increase in shares. Royaly, streaming, even the concept of P3's. By having multiple parties taking on risk/reward everybody comes to the table the intention of producing the best on schedule, on budget and best end product with distributed risk. Financing has to change, it's not all what it used to be.
Cheers