Sean K
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- Joined
- 21 April 2006
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DEG down under the CR price at around a buck. Longer term opportunity perhaps, but still some spilt milk to flow under the bridge with financing the build.
I assume an announcement will be made once the credit approvals are settled mid year, which isn't far away. Or, maybe they wait until the final financing structure is settled some time in H2.
I think it's potentially in the second down dip on the Lassonde Curve at the moment and then once debt is sorted and finance risk taken out it may start going back up the second bump on the Lassonde into production which will take two years.
If Lassonde is right, and all else going to plan including POG stability or advance, then it looks like it's in a sweet spot (blue circle).
I assume an announcement will be made once the credit approvals are settled mid year, which isn't far away. Or, maybe they wait until the final financing structure is settled some time in H2.
I think it's potentially in the second down dip on the Lassonde Curve at the moment and then once debt is sorted and finance risk taken out it may start going back up the second bump on the Lassonde into production which will take two years.
If Lassonde is right, and all else going to plan including POG stability or advance, then it looks like it's in a sweet spot (blue circle).