C6C 1.88% $3.80 copper mountain mining corporation

One of my biggest initial concerns was the debt However have...

  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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