Q: Recently received their final construction permit. Shovel ready.
And today "Generation Announces Receipt of Support Letter for up to $200 Million from leading Financial Lender."
This is in addition to "other money" already on the table. Looks like this mine may be built.
What is your perspective
Thank you
And today "Generation Announces Receipt of Support Letter for up to $200 Million from leading Financial Lender."
This is in addition to "other money" already on the table. Looks like this mine may be built.
What is your perspective
Thank you
5i Research Answer:
News has been good. In addition to the letter, GENM has $200M from its WPM streaming deal. Of course, the permit is a big step as well. That being said, the mine is expected to cost close to $1B, and more financing is going to be needed here. But in these cases, as money comes in other financiers become more confident, and certainly things are looking good here for ultimate construction.