RE:All plans on deck.with the PEA in, very nice btw IMO, what happens in the next 2-4 weeks will be critical for the sp. We need coverage from analyists, not just JK, that is the best way to get this into the wheel house of potential new retail investors to help gooble up the dime options being sold now, again my opinion.
Analyist will lead to institutional support - which may come in the form of a PP to support a winter program, which Tom says is just an outline (the 15 million), but we do need an additional 30 million to take this to the next step.
As for Dominion, who knows, don't think they would risk 500 million in a buyout, JK's estimate of what it would take to move the Friedlands off this, at "this" point of exploration. Doubt if DeBeers would either, that doesn't mean they would not consider a JV, but at what price of ownership? Don't see Friedlands giving up control. No control, may not be palatable for a potential big name suitor, other than Ivanhoe.
There is no doubt that money will be an issue going forward, and how to raise the capital required. The PEA gives us a voice now, but all of it must now be moved from inferred to indicated etc. That will take cash, in all probablity, our cash, unless some institutions are already knocking at the door.
Think the bottom is in, will bounce around from here now giving traders opportunites, until we have a clear picture of what management intends to do going forward. May gain some clarity Tuesday, who knows, maybe the conference will include some news, I am with mil, go oiltar go.