RE:RE:positivesdcjones4396 wrote: nofluff wrote: Only guessing that pp went to tko friends and fund managers. so far long time sh r down 20% of florence profits. But florence is going ahead without a cheap 20% jv.
Tko has the cash to do a larger project now. If we do a 125 million pound oer year that more than makes up for the 20% of gib that we gave away.
If we boost mill gib design and get 10 million extra pounds of copper per year, that makes up for the 20% of pipeline give away.
If flor and gib make ymi and np financing easy, then everything good.
A lot of ifs? But they are looking better now.
nf
I'm not so sure about Florence going forward without a JV. I still believe a JV is more than a small possibility. Haven't seen anything from management to the contrary. Yes, they raised more funds than anticipated that may lead some to believe a JV won't happen but it's far from definitive. Not saying that would necessarily be all that bad either but until we hear otherwise, I still see the possibilty. Anyone have the details of the upcoming CC yet?
What I would like to think is that they used the PP to get a jump on the Flo construction. Construction is backed up here with covid and lots of building. Tough to get concrete poured for example. If I was the Flo people, I would be pouring the concrete, drilling the wells, running the pipe. i would try to have it all ready so that they can start injecting ASAP. After all, its an injection permit, not a building permit that they are waiting for. That would justify the PP. Rising building costs would justify raising the money sooner rather than later.