Any day now., page-257

This is a cross post from another forum I follow. Where applicable I have cut the company's name from the thread but I think these comments are relevant to CXO.

Junior Miners will see how much tighter the financial markets are going to become and how much more sensitive to mining projects and deal making all future Capital will become.

I certainly wouldnt want to be involved with ANY mining company who does not have a stand out financially viable project.

The Low Capex project as we are all well aware has outstanding financial robustness just based on and is with a simple processing plant that does not require Phases of spreading out their Capex Requirements like other projects with Lower Grades and much Higher Capex.

IMO the current financial market is going to be further advantageous as Funding for other Companies will become much more difficult and will in turn impact future global supply that will aid price increases even more so.

At least companies dealing with USD in Australia will see additional revenues from the conversions.



AUD was around 75c in early 2018 and now around 67c and most likely going to drop lower by the time we reach production.