Post by
uudamann on Aug 18, 2020 1:11pm
IRR of 15.1%.
2014 FS.
Gold in 2014 only $1500/0z. FS did not value Arctos. BUT 2014 was the same year FT bought the silver mine.
Cobalt price up in 2017/18 with FT SP above 20 cents (from Jan 2017 to June 2018) with 350 million shares OS. If there were only 115 million OS as before the silver mine purchase the share price might have been 40 - 50 cents and a PP could have raised cash to sustain the company going forward without incurring destructive dilution.
Comment by
elitespooner on Aug 18, 2020 3:07pm
not only the balloned share structure but the long term debt is coming due very soon !! no offtake soon itll remain a questionable project.
Comment by
uudamann on Aug 18, 2020 3:31pm
The purchase of the silver mine was so unnecessary and so completely stupid you have to wonder if it was staged?
Comment by
Jim1712 on Aug 18, 2020 10:36pm
This post has been removed in accordance with Community Policy
Comment by
Yellowknifer69 on Aug 18, 2020 5:16pm
$8 million dollars of debt is pretty much nothing on a resource project with $4 billion proven and probable reserves. the balance sheet is less of a problem for me than the guys doing the marketing? Yellowknifer