RE:Investors' sentiment is reflected in share priceI was under the impression that more than enough holes had been drilled at Red Cliff over the many years? Is the problem with how they were drilled? Or something else?
Years and Years and millions spent on Red Cliff and so far there is nothing to show for it except that we need another 1.4 million to get a resource estimate.
$1,400,000 / .05 cents per share = 28,000,000 million shares
If flow through shares
$1,400,000 / .033 cents per share = 42,000,000 million shares
I calculate f/t shares at about 2/3's the offering price, I might be wrong, but , I think it is close enought for quick calculations. Maybe stockmonkey can ask DEC for us?
then all the warrants plus this does not address the current and long term debt, they will need money for that too.