Post by
gemsearcher2 on Apr 22, 2021 12:28am
More good news late today...
https://stockhouse.com/news/press-releases/2021/04/21/braveheart-completes-concentrate-offtake-agreement-and-stockpile-financing
Nice to see them making some progress in their plans to get Bullriver mine re-opened.
--not sure what the current LIBOR rate is for commercial lenders but hopefully it is not high because adding 8.75% on top of it could start to get pretty expensive borrowing i would think.
However, borrowing against the stockpiled ore is non dilutive for the shareholders so hopefully it is a good path foreward.
I know there are not many companies that have a stockpile of material that they can borrow against!.. So in that way it is serving a good purpose just by being used imo.If they can use that to assist restarting the mine then that seems a good way to make use of it.