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7936567 Canada Inc SWYDF

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.


GREY:SWYDF - Post by User

Bullboard Posts
Post by CravenRaven101on Aug 30, 2011 4:43pm
266 Views
Post# 18995122

I interpret it this way

I interpret it this way"Bankable" Feasibility... suggests to me that the report will provide lenders and financial institutions concrete answers to key questions... similar to a "business plan" any entrepreneur would use to approach a loan officer with... of course THIS is not asking for a $100K to open a little cupcake shop... I would suspect that the reality is there will be some debt financing to the tune of near $1 Billion with a combination of convertible paper and line of credit. AT this stage it's about timing... the feasibility, the financing, the supply chain tenders...delivery of the heavy equipment... anyway... after all this time... SWY is about to take it's first step as a mining company...

GLTA it's MY opinion git yer own
Bullboard Posts