The following is a quote from a press release of another mining company I hold. I find the comment quite promising regarding TNG.
"The debt market appears quite strong and facilities are available in London, Middle East, North America and Asia for quality projects such as the xxxx. So we don’t see any issues at present in raising the funds, it is more just a matter of how we demonstrate the viability of the project and then how we structure the total funding package."
Assuming this to be true, then so long as out DFS is solid we should be able to raise the capital. The NPV of Mt Peake is more than double that of the project in question AND we don't need as much financing to get it off and running - about 60% for the full project and about half that for the reduced processing option.
TNG Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
