Post by
cbew on May 17, 2023 1:09pm
Funny Math on Streaming Deal from Wheaton
LOL I see the pumpers on the other board are at it again! Twisting a streaming deal that Wheaton made with Lumina Gold Corp for (RIGHTS) to purchase their future gold production at 18 to 22% of spot price for the gold output. This is a streaming deal that gives them the right to purchase the gold and the money has to be used for mine construction costs! This has nothing to do with valuing the worth of the Cangrejos project and the money doesn't go to Lumina Gold to buy out the Cangrejos project! Don't conflate the two. Just because SC has X amount of gold it doesn't mean someone will pay 600M to acquire 25% of SC from Cuu!
Furthermore, the Cangrejos project is at PF stage and has derisked the project. SC is still at PEA stage so a streaming deal will most likely not be made yet. Secondly, you keep on saying that Cuu doesn't have to worry about the construction costs because of their carried interest in the JV. Wrong again MK! Cuu is responsible to pay back the loan Teck arranges for them for the construction of the mine. Interest and principle comes out of CUUs portion of mine revenue so that adds to the expense and reduces any cash flow that may go to Cuus bottom line until the loan is paid off. ie if the mine construction costs 3B then Cuu's portion is still 750M until its fully paid off with interest. NO FREE RIDE. Don't confuse your bag holder followers with funny math MK!
Comment by
MoneyK on May 17, 2023 3:58pm
If Teck buys CUU's 25%, they can do whatever they want with it, including streaming 25% of the gold with similar terms to offset the purchase. Small price to pay to remove a partner that adds no value. I know you don't want Copper Fox to succeed, but putting so much effort in a stock that you don't own is probably worth seeing a doctor. MoneyK
Comment by
zanderman on May 17, 2023 4:13pm
these two losers are just sad,very obvious that Elmer and Copper Fox live RENT free in their sick little heads,don't own shares but spend their sad daoly lives bahing a stock, right there that is sick!!!
Comment by
MoneyK on May 17, 2023 9:22pm
Just because Teck likes to build projects for free. MoneyK
Comment by
zanderman on May 19, 2023 5:52am
WOW two dudes who own no shares in the company wasting their days bashing a company they have no shares in, that right there is mental illness,go for a walk enjoy your lives there isn't much left,the amount of time and effort you both have spent bashing CF is thruly astonishing,what a waste of time being for being alive,just WOW!!!