Still not enough cashI’m calling more dilution in our horizon. It’s clear no one will finance us. We need:
$200mil for Kipushi
$214mil for kakula (17% share after zijin finances 65%)
$170mil for Kamoa (they say simultaneous development)
$600mil for platreef (assuming $900mil financed)
At least $20mil a year for western forelands and further explorations and expenses. $100mil for 5 years
so we’ve got $560m/$1284Mil to get us through 5 years. I’m betting at least another 200mil shares will be issued. All those high $80 SP valuations decreased 20% today and likely to decrease a lot more.