$10 million EV with $3.6 million cash and only $600k required initially. There’s no additional funding required at this stage. Have a look at Michael O’Keeffe’s most recent project, Champion Iron which is also in Canada. They bought the project for C$10m when CIA was 18c. CIA is now $3 and O’Keeffe has made $150 million personally.
Ann: Investor Presentation - Option to JV Wapatik Property, page-3
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