GREY:ABGPF - Post by User
Post by
slashnhackon Feb 13, 2016 11:02pm
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Post# 24556952
FS
FSAGP recommends that Alabama Graphite proceed with activities that will allow completion of a FS. AGP estimates that the cost of a FS for the Coosa Graphite Project would be in the range of $3-6 million to complete, although the scope of the FS remains to be thoroughly reviewed and a detailed budget determined. With approx. $700K of working capital as of Nov 30, 2015 ALP requires a financing in the area of 3 to 6 million to cover FS expenses. They will need more to take care of all other expenses which appear to be in the area of approx. $120K per month. 115 million shares outstanding,,,,,,,,,,,, I wish all shareholders good luck. IMO certainly no need to rush and push the buy button.