With the news senderos outlined above I might be more encouraged than others. The reason being I was really flummoxed as to how Solg would get the money to develop the project rather than just selling the whole thing and BHP & Newest (Newmont) wouldn't want to do so. However, from the situation with RXM (Rex Minerals), I'm in and is now pretty much a done deal. The way they are doing it is to JV selling an interest in the project say 25% for enough cash to, close to, fund the equity in the deal to fund their share, in financing the project build with say 65% borrowing.
Now I don't want to have to spell it out but both sets of rumours:
- that Cascabel will start small
- that other players could come in.
plus BHP & NCM staying in the game. Seems to provide a viable path forward to me anyway.
All IMVHO.
