RE: RE: RE: POSITIVE FEASIBILITY STUDYThey have 165.5 million share outstanding and have a market cap of $290 million at 1.75/share. They have $139 million cash. Take the cash out of the equation and they trade at $24/oz which is bang on with the universal average.
The mine will need $750 million to get it up and ready… so they need an additional $585 million cash.. if they issue share at 1.75 the stock will get diluted to 500 million shares outstanding. Seems to me like this one is going up for sale. Potential acquirer will need deep pockets…