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Thompson Creek Metals Company Inc. Message Board

  • muffintopscutie muffintopscutie Feb 25, 2013 7:41 AM Flag

    Cash cushion of $217 million dollars - WHY?

    The investor presentation is online now. They list that they have $217 million dollar cash cushion left once all expenditures are accounted for, including a buffer zone. This begs the question of why they had to take out such a massive $350 million dollar "loan" via bond sale. Why not $200 million? It's nice to see them have so much cash on hand, but that $217 million dollars is costing them 10% interest a year, or about $22 million bucks. Just for sitting in their bank account.

    At least there's no worries anymore about financing for Mt Milligan. Come hell or high water it will be completed.

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