Monday, September 25, 2017 1:51:16 PM
From the CIBC research.
"We expect IVN to be the main source of funding for its three projects: 1) for Kamoa-Kakula, issuing around $250M in debt and equity (50/50) and taking Crystal River's 1% in the project in Q1/18; 2) Platreef financed with $1.0B in debt and equity (50/50) in Q1/19; and, 3) Kipushi financed with $510M debt and equity (50/50) in Q4/20.
Despite the increase in borrowings ($1B by 2020), we estimate net debt to equity to peak at 49.6% by 2021, declining to NIL during 2023 after the ramp-up of Kamoa-Kakula. "
To me this is good news, ( not great because of the additional equity issuance expected) and $5 CDN is well below my 12-18 month expectations. But as always, do your own dd.
Oh, and this report was sent to me this morning by my broker , 11 days after its release, and this is my biggest holding with him with great distance. ffs.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM