RE:RE:RE:Gold Going Upmetalhead666 wrote: Best outcome would be a sale of the project at a decent premium. Justin the serial non delivering BS artist will never build this. Impossible that they could raise a $Billion for anything close to 10% interest or deals that sell off future production, copper or the seed corn. Go study up on IAM gold...they're likely to go bankrupt even as they turn on a new mine because of massive debt and obligations...they'll have to sell Cote and then they'll have nothing.
If you don't go into a mine build with massive capital behind you....like Artemis did....you'll drown
TLG will get bought out....just a question of what kind of premium to the current price it fetches
As I stated in an earlier post, I think TLG's initial capex number for the project up to first pour will likely be between $900M and $990M because the optics of a $1B+ project would likely scare off a number of potential investors (and perhaps a few existing institutional shareholders as well...?).
I wouldn't compare TLG to IMG since the latter is already a producer with other mines already pouring ounces, so it's not an apples to apples comparison.
TLG will almost certainly enter into a JV partnership (likely 50/50) with an existing producer to fund a large portion of the mine build.
A takeout is of course possible at any time before the FS is released given JR's tendancy to change his mind, but those looking for a multi-bagger will in all likelihood be disappointed as there are currently 308M fully-diluted shares outstanding, and I bet the premium to the weighted average share price of whatever it was trading at for the 15, 20, or 30 days before the takeout will be no more than around 40%, so if we assume a $0.60 weighted average price (which is generous given I don't think the share price will move much until the FS is released given the delays and uncertainty it has caused, regardless of what the price of gold does between now and then), the price shareholders would receive would be $0.84 per share.