ZincOx finalised it's financing for it's Ohio site. I didn't quite understand but I found similarities in AIM and ZincOx. Aim is kid and starting to develop it's first site where as ZincOx has running site but still it had problem to get finance.
Mr. Andrew Woollett said "the debt markets are unfriendly to say the least, while operational costs in the industry continue to rise. That last factor particularly worries the banks." same time he also said that "Certainly the market now sees far less upside in zinc than it did a year ago, when US$2 per pound was still a reasonable aspiration." and that's why he choose this kind of finance option. He said he is confident that doesn't matter what will be operational cost but he will make profit out of it. I believe Aim should have less operational cost compare to Ohio site so AIM should make profit as well. I know there will be other factors as well but as far as I know that AIM has good zinc resource in world. (I am just learning :)
For detail information visit http://www.minesite.com/nc/minews/singlenews/article/zincox-closes-the-financing-for-its-ohio-recycling-project-to-a-mixed-reception/1.html (You may need login to enter)
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