GREY:NEVDQ - Post by User
Post by
Notgnuon May 11, 2021 7:20pm
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Post# 33179519
Our Royalty stream purchase / financier Triple Flag
Our Royalty stream purchase / financier Triple FlagIt seems triple flag is raising some capitol to buy some more royalty streams.
They bought the gold and silver from our (very soon) 5,000 tpd underground mine for about $75,000,000 (if I remember correctly.)
Our permitted and yet to be financed, 70,000 tpd open pit project has no royalties sold forward yet. Hopefully we just keep the precious metals as part of the cash-flow. On the other hand, if the price is right, maybe a PM royalty deal, some debt, and our underground cash-flow is all wee need to go ahead and build the open pit.
https://www.kitco.com/news/2021-05-11/Royalty-company-Triple-Flag-files-250-million-offering.html
Cheers,
Notgnu