You Don't Need a 10 Year Mine Life to Get Financing, according to Dr. Webb.
Here's a paraphrase of what Dave Webb emailed me today.
Projects do not require any specific lifetime to obtain funding. If a mine couldn't pay back all its debt in 4 years, it would not likely get much in the way of debt financing. Lenders want to see a good margin, quick payback, and a big number. All else is irrelevant. Most lenders don't really care what happens in year 8, 9 or 10.
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