Does mgtmt do it ? For several years now I have been posting the cash holdings of major miners in Canada that are within the operating range of CRE and it's planned business. There are several ways to finance the next steps of CRE's development. Bank finance is one of them. Another is to find a big enough business partner to fund creation of the new mine. Avalon just did that with a Dutch company that I had never heard of for their open pit LI mine. Karora Resources an Aussie Company led by an incredibly aggressive astute Canadian, just stumbled upon a hard rock Li opportunity 2 quarters ago and Karora just announced it may spin it off tp give gold investors in K a reward.
The Li market is as soft as a sneaker and one of my favorites Pilbara is getting wacked as badly as others price wise. P has the largest amount of stock sold short on the Aussie exchange and one of Australia's biggest pension funds just stepped up and bought 5% of the company so there are investors Still seeing large opportunity in LI.
Currently reading Agnico Eagle's 3rd qtr report. They are based in Toronto and hold $1.873 Billion US dollars in cash. Does CRE approach companies like this for Rose investment ? Barrick and Kinross may be similarly situated. Does CRE approach them for a deal ? Allkem and Livent are doing a deal . Avalon just did one. Conventional finance is NOT the only way to get this done. Does mgt approach the majors with a proposal for joint action on Rose ? If yes then thanks for your efforts. If no, then explain why not.