It seems you don’t understand “collateral” - the combination of strong cash flow for Maricunga and the security that Codelco brings with its strong book value, would make it a no brainer for businesses to finance a project like Maricunga. Negative interest rates across the world, banks want to throw money at secure (codelco collateral), high margin (Maricunga) projects.
LPI Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
