Funny Math on Streaming Deal from WheatonLOL I see the pumpers on the other board are at it again! Twisting a streaming deal that Wheaton made with Lumina Gold Corp for (RIGHTS) to purchase their future gold production at 18 to 22% of spot price for the gold output. This is a streaming deal that gives them the right to purchase the gold and the money has to be used for mine construction costs! This has nothing to do with valuing the worth of the Cangrejos project and the money doesn't go to Lumina Gold to buy out the Cangrejos project! Don't conflate the two. Just because SC has X amount of gold it doesn't mean someone will pay 600M to acquire 25% of SC from Cuu!
Furthermore, the Cangrejos project is at PF stage and has derisked the project. SC is still at PEA stage so a streaming deal will most likely not be made yet. Secondly, you keep on saying that Cuu doesn't have to worry about the construction costs because of their carried interest in the JV. Wrong again MK! Cuu is responsible to pay back the loan Teck arranges for them for the construction of the mine. Interest and principle comes out of CUUs portion of mine revenue so that adds to the expense and reduces any cash flow that may go to Cuus bottom line until the loan is paid off. ie if the mine construction costs 3B then Cuu's portion is still 750M until its fully paid off with interest. NO FREE RIDE. Don't confuse your bag holder followers with funny math MK!