RE: Financial ?Sorry everyone for bringing this up again, I am just a small potato's guy with a few thousand share's here and have not done much DD on this stock, I was just reading the last weeks worth of post's on this BB and having my morning coffee. I don't really know about the financials , the deal that was made between FIU and Gold Wheaton . Only what Ive just finished reading on this board. My very lose opinion with out looking at any solid info,
You (FIU) have a mine, needs some money to get it running. Your production cost to make an ounce of gold is what?? ( I had some other gold plays and average production cost seemed to be around the $400 - $450 mark , they where Canadian mines and I think wages and opperating cost are higher here but I could be wrong.) Does any know what the opperating cost per ounce is for FIU.
Gold Wheaton comes along and gives the money you need to get the mine running. The pay back for Gold Wheaton is that they get (26,000 ounce a year) gold at $400 an ounce (cost of production,hopefully)
As long as FIU can produce more than 26,000 ounce a year , then the rest is profit minus cost.
Was this a bad deal , not really if you ask me. Where would we(FIU) be if Gold Wheaton didn't put up $50,000,000