RE:RE:RE:RE:RE:NewsGood points Zadman,
The latest PEA shows NPV after taxes of $219 million. So right now, the top end is 80 cents a share if they issue $7 million of stock and related warrants early next year. That is not to say that the current drilling and additional drilling will not improve the NPV but there is no guarantee that it will. Also sharing costs with precipate to operate a plant would improve the NPV so the 80 cents a share top could go much higher.
The problem I see is how do they get a loan for $145 million when the current market cap is $27 million. Managements plan to raise another $7 million next year thru dilution means they have not lined up a loan and do not expect one until late 2016 at the earlyIst. I might get in after the next round of dilution as the possiblity of a six bagger from todays prices is tempting. If the SP stays below 20 cents after the dilution, I probably will get in.