EXPM:HRTFF - Post by User
Comment by
MudCreekeron Dec 22, 2021 12:21pm
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Post# 34254848
RE:RE:Generation mining
RE:RE:Generation mining"...looks like the ones who built the mine (shareholders) are getting screwed."
That mine will be a Palladium mine, with a significant Copper byproduct. Platinum and gold are secondary byproducts that make up like 10% or less of the revenue. They've pre-sold essentially all the gold, and a quarter of the platinum, for about a third of the capital to build the mine. Sounds to me like a smart move that will make financing the other 2/3 much easier. Your mileage may vary, but the market reaction is hugely positive.
That one I own.