Been a while since I've checked this out but agree, this does not seem good. We're in a copper bull market that's not going away, surely they would have no issue securing pre-payment from offtakers to cover the bulk of capex required and then could get traditional debt/equity for the rest.
Why would they sell the golden goose? If I am misunderstanding this please correct me.
Ann: Bacchus engaged as Strategic & Project Funding Adviser, page-7
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