GREY:ABGPF - Post by User
Comment by
resourceon Dec 01, 2015 8:39pm
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Post# 24345005
RE:RE:The question is how much dilution to raise the $43.2 mill
RE:RE:The question is how much dilution to raise the $43.2 mill A long way to worry about $43M, this is preliminary, now they have to drill and trench to move resource to measured and indicated resource and do another 43-101, but drilling and trenching is cheap on this project.
Probably some more mettalurgy testing
Next an environmental plan and a final bankable feasibility based on that and the new 43-101.
Then offtake and sales agreements and then see if $43M is still the number needed. There is a posibility off off take agreements being part of a financing? All American grants were mentioned. Government guaranteed loan, Tesla financing. lots of posibilities
I like the project, just saying there is work to do