Let's Pretend...that GENM is unable to secure the necessary financing. Anyone wants to venture as to what will happen? Will they sell? If yes, what would be a realistic sale share price? There are a number of large miners who could develop the project from their cash flow. It seems to me that Jamie and Kerry will get their money back with interest regardless of whether the finincing is secured or s the company is sold.
If you belive this is the case, now is the time to load up. The only reason you would stay away is if you believe that no one would be interested in buying the company. However, I have hard time believing that there would not be any interest in buying a fully approved project for at least $1. A 2.5 times is still a reasonable return. Seems to be a no lose situation. So any reason not loading up at .35? Thoughts?