Sandy, Considering current MKT cap $60 million and regardless if JV is a major or not surely another 30-40 million for 3D would be spent
so then yes why would nt my answer be somewhere in the 100 million?
HOWEVER ( i know yours is a hypothetical ) however i have heard a few here try to paddle the thought more and more upstream, so to them i say YOUR KIDDING YOURSELVES
The longer this takes the more and more convinced i become regarding multiple JV with no real multinationals involved...on the one off possibly just ONE decent sized and the rest minors...ah who knows I am !!@@#@!@! over it :) lol
If and when ROME burns i will sit on the hill watching with no regret
and if and when a JV is ann then i will not rejoice but possibly laugh at all the anguish we have all been going through about something that sometimes seems too OBVIOUS and that obviousness being a Major Partner,
Decent Cash with JV (10 Million) , Along with converted options (12 Million) so 22 Million in the bank POSSIBLY, worst possibility is a mid sized JV partner that passes 8 mill over and with the 12 mill options, it still leaves 20 million in the bank
so again 100 million shouldnt be a stretch either Sandy
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