Buddy, CMMC has more cash on hand right now than Altona did. They didn't dillute CMMC shareholders by $93 million in order to get $40 million in cash. If all they wanted was the cash, they could have got alot more than $40 million with a $93 million dilution. It would be stupid to start building the mine before they get financing. The cash is being saved until that point. Their plan is clearly laid out in recent presentations, so I think you should read them, because you are worried about things that there is no evidence for.
Its very simple, if the copper price is robust enough, it will be easy to get financing and Eva will be in development next year. Otherwise they will have to wait until the copper price matures. If that never happens, this is a bad investment.
Regards,
Buddy, CMMC has more cash on hand right now than Altona did....
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