Replies to post #120709 on Sarissa Resources Inc (SRSR)

[FlatEarthSoc]

with the partners they're bringing on, i doubt they'll be going to a bank to finance the whole project.. likely we're looking at off-take financing

[hispeedsoul]

You are assuming we need that big of a loan. We might be able to raise a good amount of the money needed via IPO.

[OntaREEo]

That would be part of the overheads. The entire cost to build the mine would be capitalized and then expensed little by little over the mine life like say 30 years. This is what is called depreciation in accounting terms. So for a simple example if the mine cost $300M, they would include $10M in depreciation costs on the income statement each year for 30 years. As others have suggested, your particular item, interest expense, may be minimal if our partner has deep enough pockets to self finance.