This stock truly has no friends. They will never be able to raise any meaningful money for capex with their low market cap. Unless they can get the sp to go up they are in a bind
Most important number in the PFS will be the capex. I have a feeling this is why the sp cannot rally. A capex of 5 times or more of their market cap means this project will not go into production and back to 25 cents
Reminds me of all those iron ore magnetite projects many years ago. Some really good ones in iron ore boom times but with high capex and sitting with companies worth $50m who had no chance of ever producing because of their low market cap
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This stock truly has no friends. They will never be able to...
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