They will require debt, but there is potential for the mine to...

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19/07/18

18:54

Post #: 34459059
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Originally posted by peteai ↑

If that were the case that would be an expensive way to get 30 mill - i.e they gave nearly 30% of the company way in this deal. That would only make sense is if Copper Mountain was really desperate for the cash. If not, then they must have placed great value on the resource and can only realise that value if they develop or on sell it - Now that would really rub salt into the wounds of some here, if they onsold it!

However, I am beginning to wonder if Copper Mountain are generating enough cash to develop it from their own cash flow. Has anyone got opinions on that ?

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They will require debt, but there is potential for the mine to be paid back quicker with two streams of cashflow once into production and probably more favourable debt terms than would have been the case if AOH went it alone.

C6C Price at posting: $1.22 Sentiment: Buy Disclosure: Held
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