GREY:PGDIF - Post by User
Post by
Kidlapikon Jun 06, 2018 3:52pm
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Post# 28134746
10% for $50mil?
10% for $50mil?
So say PGD cannot come to terms with a major miner for 50% or more of the project due to the disappointing market conditions or that some of them are just finished large expenses. De Beers just finished off Gacho Kue, DDC got a buy-out, Stornoway just getting ramped up that sort of thing. Is there any precedence for a financer such as a Sprott to take a minority position in a project to move forward? Such as a 10% equity stake at say $40-50million?