The reason we now have a fully funded BFS is not because Quentin left and Bryan came in…..
Its because Pure Metals is now out of the game and that funding was easier to get over the line…..
There is no doubt Management (previously) were up against it trying to get $35m for a BFS when CAP only had 70% ownership! That was the handbrake on this project - no doubt in my mind!!
if CAP had control Quentin would have got BFS funding in 2014
If I’m brutally honest, Pure Metals were like a cancer on this project, right from the start - and that’s why investors left in droves over the years!! Now with them out of the game Bryan and his team have a clear run at it, so don’t underestimate what can now be done by having 94% ownership - it’s huge!
They (HIO) call the shots in offtake negotiations - they aren’t begging for BFS funding from company’s who are sceptical because of Pure Metals….
The handbrakes are being taken away one by one - the long term holders know this, and now - new holders are only just learning about it….
The reason we now have a fully funded BFS is not because Quentin...
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