Before you worry about valuing the company in the billions you should probably Bea asking where is the ML for San Jorge?
They need that urgently because the cash tin must be almost empty. They had $1.3 million at the end of March with another $600k drawn on the final con note giving them $1.9 million and they spend $1.8 million a quarter so probably only fumes left.
They will need more money and the ML I would think is imperative in raising any more cash.
They still have to issue 40 million shares at least to cover the money already borrowed and spent from Magna. So hard to borrow again without that license.
Can’t be too much longer before they have to tell the market what the hitch is.
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