RE:20MM$ PAK Project to Advance"What are the next steps? Partnership is a must so that FL moves toward construction......cash will be key!"
I learned a long time ago that the two most important factors for determining which preproduction resource companies will advance are:
1. The size and quality of the resource. (that also includes the local governance and the infrastructure).
2. Ready access to capital.
As for the resource everything is an A except the infrastructure which is coming.
As for ready access to capital, that is not clearly defined and they probably do need a partnership that will benefit from access to the resource. I think if the infrastructure was already in place and the timetable was more clear they could find a way to finance a mine without giving up too much.
If the resource is phenomenol but ready access to capital is lacking, then usually the company will be bought in preproduction phase by a bigger company with ample capital. FL has been very clear they would like to avoid that outcome - they want to develop the resource themselves - and there is enough insider control that they can block an outright sale of hte company unless it necessary and to their own advantage.