RE:RE:Questions For PotadvisorMetal, I suspect the initial pre-production capex as will be outlined in the upcoming FS will be between $700M and $1B. How they get to that number will likely be a debt facility for sure, at least one equty raise, and at least one streaming agreement. Atternatively, they could disappoint me and enter into a joint venture with another entity to share the wealth with like Osisko did with Gold Fields re. their very promising Windfall project. If TLG does likewise, I'm going to pass on it all together.
Like you said, these junior exploration / first build companies are trades (though the share price of the rare company can continue to rise right though to production and buyout like ARTG's management pulled off with Atlantic Gold). I'll be looking to the home stretch of full financing / permitting / other approvals and approaching the start of construction with 100% control maintained by TLG (save maybe a small royalty offering to a streamer as part of the financing puzzle) as an entry point, then sell the shares somewhere around first pour. Buy once / sell once strategy.