GREY:VITFF - Post by User
Comment by
phoenix_traderon Jan 10, 2022 4:06pm
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Post# 34301168
RE:RE:RE:RE:RE:RE:RE:VGCX amends credit facilities, reducing interest rates
RE:RE:RE:RE:RE:RE:RE:VGCX amends credit facilities, reducing interest ratesRe buying the rest of BYN, I think permitting is going to be the driving factor. If Raven is a two year permitting process riding off the Eagle permits then no rush for Banyan. Dedicate cash flow and management time to the Raven build. If Raven is going to be a three year+ permit process then buy Banyan now and let each projects economics determine which goes first.
Anyway you look at it it is a win for both.
The bank financing PR today is a real plus. The renewal likely followed an engineers review of mine performance which had to be positive for the term adjustments announced. This suggests bank cash will be available for the Raven build which I think will be a minimum $20 mill saving over the alternative.
Bring on Raven drill results and PEA please.