RE:RE:RE:Bsx reportIncluded in the PEA is $368 million to build the infastructure including roads, housing for workers, plant construction. The $368 million includes 15 percent for contingencies. The $368 million is included in the calculation of the after tax profit, so the 7 cents per share projection is accurate as far as it goes.
The company's options are: someones buys them out, a JV with a large company, borrow $368 million for 5 years (payback of capital estimated at 4 years in PEA) at some interest rate, or issue shares (994 million shares at todays share price Canadian). In my first pass at the PEA, I didn't see a method for financing the project but I might have missed it. A buyout for 50 cents a share looks like our best hope. We might get financing from a gold streaming company like Sandstorm. Having over a billion shares issued doesn't look too appealing although they could do a combination of issuing shares and a gold streaming agreement. Right now is not a good time to try and raise capital with the gold price dropping. Having the PEA is vital to raising capital so it's a good thing its been done. The project might be put on hold until the gold price comes back. If the gold price doesn't come back, the project might sit for a long time.