RE:RE:RE:RE:RE:Nothing but selling The $121 million needed is in their OWN news release. The money they have now just covers the feas and such. You read that right? The $121 million has to come from somewhere and they would need a financing deal of some sort. Obvious to most of us that the 319 million share float would likely need a rollback just like Torex
"Construction capital costs of $121.7 million" https://web.tmxmoney.com/article.php?newsid=6438403096910797&qm_symbol=TMM
PRE-CONSTRUCTION PROGRAM
The estimated budget for the pre-construction program is approximately $9.2 million and includes:
- $2.2 million - Drilling, including soil sampling and trenching; 10,000 meters of core drilling for resource definition, 2,000 meters of core drilling for geotechnical work, and 4,000 meters of reverse circulation drilling for condemnation;
- $3.4 million - Feasibility work program; and,
- $3.6 million - Environmental studies and construction permits.