C6C 1.88% $3.80 copper mountain mining corporation

Reincarnation, page-95

  1. 3,102 Posts.
    One of my biggest initial concerns was the debt
    However have very good terms for their debt allayed a lot of that concern

    US$105 million senior credit facility at Libor plus 2%
    US$115 million non-recourse facility at Libor plus 0.55%

    There operating mine has similar financially to what AOH BFS indicated for its mine.
    The positive is Copper Mountain is operating and generating cash now (but is carry a certain amount of debt)

    There is a big incentive for Copper Mountain to develop the Eva project as soon as practical
    because it would effectively double their income

    AOH had $30 Million in cash but still needed about $300 million to develop the mine
    and most likely that would have involved dilution in some form or another
 
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Currently unlisted public company.

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