my plv model, page-26

Your PLV model is a joke.

You use the Richmond Mining JV deal with HBIS as a basis for your model.

It is time for some education.

HBIS HAS NOT provided Richmond mining with $161M finance for the project at all!

They are only going to help them get the money somehow.

Yet you state to everyone on HC that the deal is for the $161M.

From the report.

You should read it instead of doing amateurish models in bed in the morning.





HBIS will assist in procuring the provision of debt financing on commercial terms reasonably acceptable to Richmond's US subsidiary Nevada Iron.
HBIS also will assist Richmond in securing financing for US$9 million to fund long lead time plant and equipment.

On the basis the US$161 million project financing is secured, HBIS will have the right to 80% of the iron concentrate production for a 10 year period, and priority over the balance.


Any wonder your so happy with all the research you have done with plv, your credibility lies in your bank balance, your looks pretty sick