Canarc corporate presentation, page-3

Jump - stop freaking out.

Canarc slides are looking at a stand alone development (separate from PGI) in case PGI ever pull out from the venture.

As for Canarcs recent purchase, from reading through their company announcements a while back, they have been aspiring producers for years. Its a super cheap deal, with lots of possibilities but has nothing to do with PGI. I am quite happy that PGI is keeping the Polaris deal purely J/V, no injecting cash into Canarc etc. Why murky the waters.

Also, as I understand it, Canarc will be earning the approx $500-700 US that will be paid for the concentrate, so the numbers in their presentation focus on that, not on PGIs projected profits, which will be substantially higher. PGIs plant is totally separate to Canarc in every way possible.

As you say, Paul100 can probably clear the above up better than I, but that't my take on it all.
Pretty sure the presentation is to allow the company to raise funds to develop their new little project...