RE:RE:The biggest risk for cert is not Of course they have the choice.mdc is a very low capex project with heavy margins. One of the best on earth with prbably the best juridiction in latam .
Rio2 with a similar project ( size / simplicity ) (but for now stopped for political reason - chile ) got easily round usd130 mil with a wpm stream for 50 , a bank loan for 50 + , and issued shares for 25 ( wpm and public ) . Sprott was already there , but not more involved after the deal .
Here sprout made some investment , but we don't need him. The project is more attractive than rio2 ( fenix ) and cert will produce 90 koz end of this y . If you add mdn could be sold one day or another , cert offers all the financial guarantees for a major bank .of course the interest rate trend doesn't help.
But sproot outside is the best guarantee of success.