Hey BioLite - How much dilutuion?How much dilution do you see to get this thing into production?
Here are a couple quick calculations, please tell me if anything is incorrect.
JV route, lets say they get the best JV deal ever, that would be lets say $200 for 80% of the property (thats very generous since the whole Market cap is at $70 million)
$200 million goes all the way into construction phase of the property and lets say feasible and they get the mine permit in 1 day.
MSQ has to come up with 20% of 2.8B which is $560 million, lets say share price even triples, MSQ would still need to issue almost 200 million shares.
All in all MSQ 250 million shares for a 20% stake in a company, boy does that pie look mighty small now doesnt it.
Please correct me if any of my numbers are incorrect.