The company showed on Tuesday that it sees a potential funding shortfall of US $100-million to US $300-million over the next two years, according to RBC Capital Markets analyst Fraser Phillips.
The exact size of the shortfall depends on molybdenum prices.
“A gold related financing at the upper end of the US $100-million to US $300-million range could significantly reduce the financing risk and relieve some of the downward pressure on the share price,” Mr. Phillips wrote in a note.
Despite the low share price and the struggling molybdenum market, Mr. Phillips sees good things ahead for Thompson Creek and has an outperform rating on the shares.
“We continue to believe that molybdenum prices could strengthen significantly over the next two years because of the cancellation or delay of a number of new projects that will be required to meet future demand. [Thompson Creek] is well positioned to take advantage of any increase in price,” he wrote.