RE:Pull the loan... NO, silly monkey >>>At $3.50 copper the NPV of this project is about $1.6 billion and it is close to twice that amout at $4.50 copper.
The replacement cost of what is built is close to a probably $800 million without factoring the value of the drilled and permitted open pit portion.
If copper were $2.50 or lower and thought to stay there then yes, it would be game over for everyone. That is not the case though so on we march. The dike is done, the underground vent fans are done, the electrical is done, the mill runs perfect, the hoist runs perfect (without need of stinky fish buckets) the lights are on and the stopes are being accessed and mined as we beak.
No no more bitccchhh'n out of you flounder... back to your slags and lines.
N.
Notgnu wrote: Fishsticks it's about a $200 million loan against a $$$ Billion $$$ dollar project. They are just negotiating and doinking each other's eyes and crossing each other's dresses.
NevLada Copper lives and and is entering it's Renault phase.
Notgnu