Depends what the SP is when they raise capital if they in fact need to? If bullish on Nickle you may find they are raising capital above the current price in 6mths time.
Once production is up and running the upside in price is significant if the price holds or goes north again. Some big hedge funds getting interested in Nickle now and from my perspective PAN is ahead of the pack in Oz given the quality of their asset. A number of alternatives are tired assets that don't have the same upside
The cashflow on start-up is the norm for any resource project that requires capital and a 12-18mth pay back is a great outcome
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
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