RE:RE:RE:RE:RE:RE:RE:Of course @nozzpack What do you mean by much preferring an equity raise?
The HKEX IPO is effectively a subsidiary equity raise but at a premium to the parent (MJS) company's valuation. This would substantially lower the cost of capital for MJS.
Songjiagou is indeed the cheapest producing mine that I have have on my spreadsheet which covers hundreds of mines. Unlike most producing mines which are in depletion, Songjiagou is still expanding in both production and reserves.
Management compensation and overhead is much lower than the industry average. I've seen so many c-suite execs using their mining companies to fund their lifestyles. While MJS does lack heavily in the promotion department, at least costs are very reasonable. Marketing MJS would not be very difficult post-IPO in my opinion. Should be easy to hire a PR specialist to sell the story.