Nice in theory, however, they'd need $110mil to build the mine first. But before that we'd need about $500k to $2 mil to complete a BFS. But before that we'd need about $1-2mil to get the PFS completed.
Last time I checked, we only had <500k left in the bank, meaning we have enough runway for 1-2 quarters at most. We're still waiting on royalty funding from a while ago. I'm hoping that our funding gets sorted out soon it may be the reason why our price has pumped from lows.
We're also selling royalty rights on future revenue. I'd say after all the funding issues are solved, the ceiling for potential price may be more around $1.5 in the next 2-3 years.
Interesting to also note that Next Investor's vesting period is over and shares were scheduled to be released from escrow on the 9th of July.
HVY Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
