yeah. Approx this time next yr to be cashflow positive....

yeah. Approx this time next yr to be cashflow positive. Am
expecting it to be close to it’s NPV in mcap then. How much dilution we see between now & there will determine the sp.

for funding 50-60% debt, remaining 50-40% would be a combo of streaming-equity-convertible notes-loyalty. We don’t need the entire >60m in one go for all 4 stages either. Just enough to get stage 1 rolling so lets see how much $ comes through via debt bit. That’l give a rough idea on how much more will come via equity. Will it be from sophs or from the 75m parcel could depend on volume traded prior to it & what the mcap is when they raise.

for now though, keenly waiting on debt funding 1st.

most of us that have held through have seen an absolute hammering in share holder value while Fa has only gotten better last 2 yrs.
EA ✅
MR ✅
DFS ✅
Mt Cecelia JV with a major ✅
Toll Agreement with a major ✅

❌in between there have been CRs at ridiculous sp which has been partly them to blame for not doing so higher & partly market sentiment in gold that’s seen large producers wiped off by 30-50% their mcap at the same time.

funding should be the final ✅ we’re waiting for. How many of the 100s of small cap specs end up becoming a producer? Also think we’ll see some rise in sp (prob around 3c area) in anticipation of funding only for many to sell on the news followed by another few months of sideways/downward pressure. Hopefully nov next 1.5 yr though it’s in that 7.5-10c range.