RE:RE:RE:RE:RE:JV's? Ho HumBlueBee, it is not that there is no need, they are 80m short of what they need to complete Florence. This management never likes to come even close to short, and overall, that is a good thing. More than one miner has been taken out due to cash flow issues. On that TKO has done remarkably well, especially with 2020 rearview vision.
Compared to the situation in May, or September, they are far ahead of where they were, and the share price reflects that.
So, as the interview stated, they can do it without, take cash flow from Gibraltar to complete the project, which will take longer, and delay the progress of other projects, and leave them running a really tight ship for a bit, which they usually do not do.
The market does adjust periodically.
If CU goes over $4 between now and build decision, they may not, if it traces back under 3.50, different story.
KW
BlueBee wrote: If there is no need for a jv, then why would / should it be baked-in. Why would mgmt. see a jv as being necessary or desirable if all the funds to construct Florence exist (or will exist in the near future)? Can't say I buy the argument (stated by someone previously) that a jv lends credibility to the Florence project and will help advance the s.p.. Yes, having funds from a jv de-risks all TGB operations, but I guess I fall lnto the camp that believes TGB (and we shareholders) would be better served to retain 100% ownership of Flo..