In theory given their positive cash flows and the far-out nature of any development, they shouldn’t be looking to raise any capital but I guess that wouldn’t be stopping them if they’re seeking to secure their jobs. What they should be doing is saying the reserves are there and put them in the back pocket to dispel fears about the life of the mine. Patrick himself said any initial open pit costs would not be substantial. Nothing would surprise me though.
NCZ Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held