RE:Centerra (Mt. Milligan, Kemess in BC) another contenderCenterra has enough cash, cash flow, (zero debt) to develop Kemess and Northisle properties. Kemess mill in place, payback under three years, from the 2016 FS. - Pre-commercial production capital costs (including 12.5% contingency) of C$450M (US$337M) plus an additional C$153M (US$115M) in capitalized operating costs (net of revenue); Capital expenditures are back-end weighted
Win, win for both and HO moves to Vancouver.
Bidding war between BHP and Centerra, I like it.