RE: RE: RE: RE: RE: Napkin Math Hello Qaxter,
You read the available documents. Good for you, very few do. : ). Its all there, you are right.
Yes, as I understand there is actually $50 million available in an LOC. Show me a junior who can say that.
Very few right now. And my gut tells me they will "prove up" well above their required minimum FE for the full credit facility.
I believe after the next few news releases (Full Complete Financing, NI 43-101, Metallurgy) then there may be more coming on JV partners, and a with major push to get coverage from Vanguard's efforts, and other sources...it will be a good thing to own this company...
Its all looking very good...I am still a buyer...accumulated a major position so far. My cost base is so low, its a no brainer...unless the World collapses lol, then we are all living in tents anyways...but I don't see that happening...
Very happy with my long-term investment...apparently there was 6% empty booths at PDAC - they figure these were pre-paid companies, that subsequently could not afford to fly their staff to man the booths...tough times...those with the money to prove up their World-Class finds (if they have them) will be the winners...
A ton of shorters out there, but I do not subscribe to shorting..."I'm long or I'm gone"...WAI I am long for the long haul...
Happy Investing, OracleVision