Use the money to buy back bonds at a discount and wait. Other miners will wise up soon and slow down their output. Metal price will recover then do the refinancing and finish the crusher. The first note is not dued until end of 2017.
Tc need to stay alive first.
Cu is going Molly, Tc need time and I don't see how can Tc refinance with any acceptable term currently. Elephant article suggest all the gold be sold but my take is just enough to knock out the 2017 notes and deal with the 2018 and 2019 bonds later.
Will royal gold do it? What will the effect on Tc copper cost? Tc need to buy time until Molly come back.
Make money on TC stocks and bonds in the short term, and if metal recover lots of money to be make down the road. This is light idea not mine.
most here included me in a deep hole because we don't think molly, gold and copper can all go down so low not because we are listen to anybody.
metal prices are in the toilet, missed on production target and debt maturity date are too close for comfort hence TC trading at .36 on bk fear.