Post by
riverrock on Feb 06, 2015 3:57pm
Best they consider a JV partner.
Since Energizer has brought the property to its present stage, the JV partner - or partners - should pay the entire CAPEX to place the project into the initial annual production of 53,017 tonne. When in production Energizer and the JV partner would share the OPEX based on the agreed upon JV interest. In addition, Energizer would be the prime JV partner with DRA the mine operator. Later CAPEX for production increases and their OPEX would be based on the agreed upon JV interest. If the project does well relative to earnings, a reverse split by Energizer could be advantageous to its future growth and financing - be the financing be by bank loan, new shares or both.
Comment by
frewil1 on Feb 06, 2015 4:53pm
Will the FS is great news to get it completed, but it wont mean anything until they get some offtakes and and hopefully Cat will finance the mine. GL
Comment by
tiger6301 on Feb 06, 2015 6:14pm
Excellent FS, including all the details. One step at a time, looking forward for the off-takes and partners. The FS also includes the shipping cost, which is a very important factor, which other companies never mentioned about it in their FS. Good luck to all! tiger