Hi Simo
I'm hoping that they can get financing as part of an offtake deal where possibly the smelter (or commodity trading group) possibly also gets equity in the Project in return for cash. I am fairly optimistic re ANX's chances of raising the funding since the amount required is modest and also there is a global shortage of Cu and base metal concentrates at the moment and not many development ready projects around in stable jurisdictions that can fill this shortage.
GLTA & DYOR
Ann: GRE and ANX form copper-focussed Pilbara Base Metal Alliance, page-85
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Mkt cap ! $12.50M | |||
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| No. | Vol. | Price($) |
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|---|---|---|
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