RE:RE:RE:Re: UrgencySo how much can we expect to spend in the "Exploration" phase particularly in the "pre-feasability and feasability" studies.
I looked to Mason Graphite, who is farther along on this track, and from their 2016 financials we can see they invested about CDN$900K and CDN$2.8M over a 2 year period.
So it doesn't appear that the costs to get the FS rolling would be overly ownersome, now that we have a loan of $2M to get started.
Seem reasonable???? Let's get started!
I can provide some relevent references who performed the Mason studies to get a production Graphite mine going ;)
RichVanWinkle2 wrote:
I believe that is exactly the questions being asked now.....
"So what's going tohappen with US$2,000,000.00?"
Just an FYI.. if you review the financials for AGC on SEDAR, you will note stepping forward and completing the FS will require a payout to the porperty owner of US$100,000. So, if that's where we are are going, $2.0 -.1 =US$1.9M, where is the balance of $1.9 going?
Any other costs to consider?
What would an estimated cost for the Feasibility Study cost?
Miner guys out there, put in your 2 cents. We can work the equation backwards.