RE:RE:RE:FinancingBourbonisbest wrote: I get 7-10 on approximately half the value of the company at current copper prices with Florence in production. So I would trade a steady supply of low priced copper well into the future for 7-10 dollars once the final permit is received. Or they can build the mine and start producing the copper in 2 years and produce roughly 200k tons of copper between the 2 mines at 2-3 dollars a pound profit and we could take double that amount. if you think copper is going down in price with the rush to electrify the planet then I have no clue why you would even be here. If you don't see the value of a mine with production costs in the low 1's when copper hits the 4's or higher then you should continue with your day trading.
My point was that they should continue to examine all methods of financing Florence and not give it away for pennies or lose a portion at a bad valuation.
What they should do, and what they will do are two different things. We saw that with the PP. It really depends on how much they think they are over a barrell. That depends on what really is going on at Gibralter. Better to take more time and negotiate a better deal than take a bad one too quickly.