There has been a lot of talk about the current CR and opinions on both sides of it recently, we'll find out more details about it in the near future. But what I'd like to hear about from the company and other peoples opinions is the future funding and how the company plans to get from where we are now to production.
Raising $2.1 million with the current CR *might* get us to about mid 2013. It won't provide enough money for a commercial ablation unit, so no incoming money from that technology can be expected. The PEA again, *might* raise the share price and allow for the company to sell a stake or hit up the shareholders again. But I can't see the SP going through the roof when most shareholders will know that there isn't enough money to get us even close to mine construction.
I believe the target date for mining is somewhere around 2016, so can we even expect to see JV partners enter with so many years until production?
So what's the plan? hope the share price rises enough and then whack the shareholders again? Two CR in 6 months will go down well, and even if they did, how far would that money get us?
Perhaps the company can leverage off an A.T. contract and build the commercial unit from that or get some bank financing if the business case is good enough.
Hopefully this is something that is discussed in depth at the Annual Meeting. And hopefully can stimulate some discussion here too. Anyone have any thoughts on how things might play out over the next 12 months?
There has been a lot of talk about the current CR and opinions...
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