Of course exploration is paid by our own money, how else should it be paid for? You should stop to differentiate between our money and their money. If you are a shareholder of Copper Mountain Mining it is all your money.
And of course Cloncurry will be developed if the price for copper stays above a certain level. But do you think if Altona had stayed alone that would have been any different?
If the price for copper is heading north the debt load will be reduced much faster than it is happening now.
And by the way all this complaining about debt financing the project, what are your beliefs how Altona would have financed the construction, out of thin air?
all the best, Michael
C6C Price at posting:
$1.17 Sentiment: Hold Disclosure: Held