Hi bacci. Good question Re the cash flow. Any calculations and...

Hi bacci. Good question Re the cash flow. Any calculations and opinions are appreciated!

You mentioned possible Capital raise. In my opinion this (current period of months) is the last roll of the dice for PAN and there will not be another CR. If victor can’t turn the operation around using the current available cash then PAN will be wound up (and shareholders will lose 100% of their investment IMO. ). That’s how it works. They will have proven the operation is not viable at nickel prices prevailing for the foreseeable future (having run the op for 2 years plus post restart). Nobody would participate in a CR at that point (‘throwing good money after bad’).

imho investors have a good chance of losing 100% of their investment on PAN while some chance of making a large gain (particularly if the nickel price turns around -… but is is clearly going in the wrong direction). Ie investing in PAN is like playing at the casino.

Good luck to all gamblers.