Billionaires build copper call option with Alaska mega-deposit Van Nieuwenhuyse’s quiet confidence in the face of stormy times in the mining sector is reinforced by a belief that a copper supply crunch is looming.There just aren’t enough new mines opening to replace the ones closing down, he explains “Now’s the time to be buying things that are cheap, that are high-quality but still under-valued in the current market,” Van Nieuwenhuyse asserts.
'SIRG' 2/9/2015..The mine is forecast to produce about 42.7 million pounds of copper over the life of the loan and generate $141 million in revenue...The mine has extensive infrastructure and processing facilities in place that can readily be refurbished or upgraded to restart the mining operation. Sierra Resources hired engineering consultants CDM Smith to complete all federal and state permitting, which is nearly complete, as well as civil engineering work and construction to enable full production...Key Capital Corp. and Red Rock Assets are working on a $13 million finance package. The project has potential to provide lenders with an estimated return of 13 percent to 15 percent, according to a financial summary.
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