RE:$4 lb CopperWe already touched the $3.30s and we're still a couple years away from the big copper boom. I think $4-5 copper will come but we won't get the super high SP top advisor is pumping. I believe our share count will increase to get us there. A lot of mining deals I've looked at recently have ALOT of dilution to get financed. Victoria gold last month had to double their share count to get enough cash to build their gold mine. Hopefully this Congo drama gets sorted soon and RF can unload all our good NRs (Kipushi resource, western forelands) and pump this back up to $5+ for a capital raise. A 200million share dilution could give us $1bil cash.
Kipushi only needs another $200mil? to get to production.
$900mil/$1500mil platreef is financed so another $600mil brings that online.
65% of Kakula is supposed to be financed. The Congo probably won't put up their share so IVN would need 17.5% of $1.2bil=$204mil
The NR said we have investors with no limit on capital. Didn't say they would just lend it all to us. They will want equity. But a 20% (or 30% with current SP) dilution to bring all 3 projects online is well worth it.