RE:RE:RE:RE:RE:RE:RE:RE:RE:Takeover of Florida Canyon Lifexprt wrote: ITR now has over $1B of development assets, potential low cost 200k oz production profile in few years and current cash flow to get those assets to construction decision without need for additional dilution.
It's a win win merger although info agree FC was sold cheap, hoping ITR will rerate higher once initial reaction period passes.
Okay, no financing problems until construction, but shareholders should already be thinking about construction. After the operation, market capitalization should be +- 210M CAD at the current price of 1.25 ITRG. For construction (DeLamar already has a capex of 355M), the market still needs to appreciate the company's value to enable access to better financing conditions with the least possible dilution. Let's hope that the successful takeover of FCGI and the expected receipt of permits and authorizations will contribute to this.