Ann: Funds From $6m Royalty Funding Received, page-93

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26/09/22

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Post #: 63878712
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Originally posted by jophda: ↑

It is hard to imagine that with a plant maintained for almost an immediate start up .
No permitting requirements and capital mainly required for working capital for mine development before first revenue that the mine will not start .
The drilling is building the reserves base and consequent mine life .
The company is funded to do that for a while and the results so far are very positive.

It is a matter of when not if but that is where the uncertainty lies .
Will they be able to get a loan to fund a start up or a combination of a loan and mining contractor payment holiday or will there be a credit raise in the mix ?

All the Cu development and production companies are seeing their share prices fall as the Cu price tanks.
Some development programs have been delayed or cancelled .

A FID and a loan Announcement would see a big recovery in the share price but that probably will not happen before more drilling results come in and the mine life based on reserves is extended .
Once revenue starts then a loan payback is very fast based on likely Cu prices.

A lot depends on where the Copper price bottoms out and the economic news is very gloomy at the moment .

There is an opportunity here but where will the share price bottom ?

Expand

check today's announcement about a porhpyry Copper / Gold in prelim drilling and visual inspections, quite alot of similarities with lower AISC and streamlined permitting

refer my signature stock list

Last edited by signalFollower: 26/09/22

HGO Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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Ann: Funds From $6m Royalty Funding Received, page-93

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Ann: Funds From $6m Royalty Funding Received, page-93

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