Alcoa is not funding the lot. Their commitment is $100m to earn 65%. So far they have funded enough to earn 43%. After the $100m is spent then TSV and Alcoa will fund development according to their % ownership.
The $3.78b upside case isn't all TSV's. It is shared between whoever is in the mix and it is a very speculative UPSIDE figure. What about the low side scenario?
30% increase in resource is true and this plus the extra Alcoa may spend on development to earn their 65% could hopefully mean TSV won't need to raise capital for development as there might be some cash flow by that time.
Time for this thread to get real
TSV Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
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