Ideally we want TM2500 x 2 sales and oppie money
in the door imo, wipe the debt out and have a low cost
restart aiming at initially a 5000 then 25-30000 tons a year heap leach operation. If Copper is entering a 10
year bull market then this is potentially a PLS like play
from the start of Covid. A large resource, a lot of sunk costs then then suddenly the lithium bull snapped it into focus. If they can pay the convertibles out and tidy up other debts then they should be able to obtain finance to get things up and running. Obviously execution is everything. A large copper resource with established infrastructure in a safe mining jurisdiction is exactly what a lot of investors are looking for, as @SallySet pointed out, ‘why bother with moonshot explorers?’ Obviously execution here is everything. Good luck to us all.
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Price($) | Vol. | No. |
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