RE:Think about leasing - correctlyNah, bad take. Leasing is done through a third party vendor finance firm, using their capital, not PYR's.
And the companies PYR talks to (global iron ore mega-corps like Vale) are bathing in profts like never before. None of them are going out of business any time soon.
Link: Vale nearly doubles net profit as output recovers gordches wrote: Massive amounts of capital to build a product (same as a car lease). Then leasing costs. Then maintenance. Then 'hoping' the place you lease to stays in business (who knows in this economy) Then training the leasing company then process and maintenace knowhow.
We are not Ford or Rogers with capital galore - and ame with a plan to lease with gobs of capital and leneding behind us.
Geez, we had to sell more stock to get $10MM for TSX listing!
If done correctly, we MIGHT have a great SP someday - 5-10 years down the road - but an awful lot HAS to go right.
If Company ABC had time to model and everything worked (I believe it did) - then THEY have a reason for no outright purchase. Their capital is dwindling in this economy.