The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Joshua Mark Wolfson - RBC Capital Markets, Research Division - Analyst
: I just had a quick question for the Khoemacau funding outlook. As it stands for that $50 million or up to $50 million number, are the 3 different
financing options the team has outlined the only available options? Is there some sort of restriction in place that would require Cupric to utilize
strictly those options? Or could they go elsewhere for capital?
Question: Joshua Mark Wolfson - RBC Capital Markets, Research Division - Analyst
: Got it. Yes. I guess the question is more so, do you expect to contribute more towards the project, which would -- the 2 options at least that were
available for Royal Gold would seem to be accretive options as opposed to just accumulating cash at the current time?
Question: Jackie Przybylowski - BMO Capital Markets Equity Research - Analyst
: I think I just wanted to follow up on one of Cos' questions about the guidance for 2021 or, I guess, sorry, for the next quarter, Q3 2021. It looks like
the guidance; the 48,000 to 53,000 ounces is sort of below where you came at for the current quarter. And I was just wondering if you could give
us a little more color on that. Or if you can give us some color as to how that gold equivalent ounces breaks down between gold, silver, and copper
if that's possible?
Question: Jackie Przybylowski - BMO Capital Markets Equity Research - Analyst
: Okay. That's helpful. I guess -- yes, that's a helpful answer. If I can just ask a second question. Your total available liquidity keeps going up, it's at
$1.2 billion at the moment. Can you give us a little bit of an update into your thoughts on opportunities? And that do you see growth investment
opportunities on the horizon for yourselves?
And if maybe you could talk about that $1.2 billion, and how much would you be comfortable putting out in a single transaction sort of at the
maximum level would be helpful color as well.
Question: Jackie Przybylowski - BMO Capital Markets Equity Research - Analyst
: I can. Hope you're well, too.
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