It'll be 2c before it's 20 unless there's a 10:1 consolidation. However, I see this as a very positive long-term development given that we were pretty much out of cash and a CR for PC would have probably been even more dilutive given the current state of the GDXJ.
Feels like deja vu with another processing plant that is way too small for their ambitions (500,000tpa vs "up to" 4mtpa I think he said). Seems like they plan to sell that off.
I'm happy that it's copper given the forecast future deficit. As for PC, I guess they'll keep kicking rocks over up there and hope that something interesting shows up while they wait for the gold junior space to recover. Unfortunately we find ourselves in a low part of the cycle at them moment.
Oh well, in for a penny, in for a pound. Patience will be required for this one I'm afraid.
Ann: Acquisition of Green Bay Copper-Gold Project, page-34
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