They need to upgrade the antimony resource asap as they may be able to arrange a similar deal to the Letter of Intent loan that Perpetua have been offered - to the tune of $US1.8 billion.
Yes, 1.8 billion dollar loan may be available to Perpetua based on their 200m lb antimony resource.
Sun Silver may not get near that amount of antimony, but if they do, it seems highly likely that they will receive some kind of assistance from the US government due to the necessity of another domestic source of antimony for the dept of defence.
A hefty loan to dig the original pit would greatly assist in capex, and then the mining of the thick, wide table of silver, gold and antimony should be relatively straightforward and profitable.
SS1 Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held
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