RE: Poaz21 Nov 2023 19:58
The reason only so much gets taken on and sold off is to do with affordability. They have to progress an area like Monchegorsk in a slow and controlled manner, each time they prove an area like NKT or NYUD, it adds hundreds of millions to billions of dollars worth of metals to the potential asset base under Eurasia's control. Thus, buyer affordability comes in to play at a certain stage if your plan was always to prove assets up to a certain level and then sell them to a would be buyer.
Something to remember, just as we will have to agree to the deal by way of a vote, so will the shareholders at the buyers side, therefore the buyer also has to be conscientious about expenditure levels, risk vs reward etc that they have to present to shareholders in order to get them to vote a deal through. It is much easier for them to get shareholders to vote through a $5-10bn deal than it is for a $20-30bn deal, due to the years needed for payback and then dividend payment increase etc.
GLA