RE:RE:Reality check All, I wish you luck as your one man company strolls into the bank to get his 1 billion dollar loan for construction.
At your current cash burn of 560,000 per month, plus accounts payable, you have about 1 year until you are out of cash and need additional financing.
No one here seems to be able to defend the financial outlook of the Nico mine. Everyone relies on the idea that "there's lots of ounces in the ground" so it must be an amazing deposit.
If you believe the company can engineer, procure, construct, mine, concentrate and recover the contained metal for subtantially less then 145 $/ton process plant feed, then you should be thrilled with Fortune. Don't forget interest on a 750 million dollar loan is over 50 million per year to the lender.
If not, then you should be concerned.
Will check back in once the drill results have been release.