nige.. are you sure gxy Mt Cattlin is unprofitable? as per my understanding Mt C. 2018 EBITDA is $70mil i.e. margin of 46%, that sort of cash flow looks strong especially when the company is growing & has $0 debt / borrowing...
Also when i say financing partnership, it means in case LPI/MSB decide to bring in an equity or off/t partner who is funding the development they are likely to take a stake in the project i.e. diluting current holders... now i don't know what financing model LPI/MSB is looking at but dilution is a possibility... just look at KDR and some of the others they all gave 50% to the company funding the project, where as currently none of 3 LPI/MSB partners have the capacity to fund $800mil...
LPI Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
