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dr_airtime

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dr_airtime

Re: Bobwins post# 35333

Monday, 01/24/2022 1:55:25 AM

Monday, January 24, 2022 1:55:25 AM

Post# of 35713
GCM.TO/TPRFF - Thanks but....

...GCM really doesn't have USD 300mm cash, they have zero net debt as they got that USD 300mm cash from borrowing USD 300mm. Nets to zero.

This is important as my head was spinning "opportunity" when I saw USD 300m cash and a US 438mm Market Cap.

Anyways - It looks like they are fully funded to build Toparu as it looks like Wheaton Precious Minerals will fund another US $138mm during construction.

The risk with Guyana will be INFLATION plus IN-COUNTRY INFLATION from all the off-shore oil development.

I see mention of a PEA-only on Toparu from December 2021, but, they already secured USD 300mm in financing so I assume the banks are comfortable with GCM putting Toparu into production without a pre-feas or full feasibility study?

Andre
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