TSXV:FCO.H - Post by User
Post by
pcnisbeton Feb 14, 2006 1:25am
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Post# 10360969
4seer
4seerI have no idea when they plan on issue of an FFS. As I noted, they can take that risk. The costs are in the hundreds of thousands of dollars, but alternatively, if they are right they can potentially save themselves a half a year on development time. If they are wrong, they are out a few hundred grand. They have to weigh that in the balance. When you figure that a savings in time cost of money for half a year on a project worth tens of millions of dolars is involved, it may just be a risk worth taking considering the low cost of having to prepare a new FFS.
If they were extremely short on cash it would probably be a bad move, but they have cash in the bank. As a shareholder do you think they should take a risk to speed up the process?