RE:RE:jcStuart also was very clear Flo would take on a jv partner...so at current $3.50 copper, how much % share of production is lost for 20 years of operation.....based on the value obtained with the bought deal, me thinks we are in for a large dilution of the 85M lbs annual production.
Easy numbers, if we jv 20% of 85M = 17M pounds per year x 3.50 current price = $60M US per year x 20 years = $1.2 B US over life
I really hope they have Shareholders value in mind....seems it should be possible to take on some debt + Gib profits, even iof it takes a little longer to complete!