GREY:PTVYF - Post by User
Comment by
justdoitagainon Feb 15, 2011 10:25am
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Post# 18135309
RE: RE: RE: $ 6 million + cost recovery question?
RE: RE: RE: $ 6 million + cost recovery question?Your point about the warrant exercise may come to pass.
However I would expect that PTA will be giving PTV $3 million when they use their option to acquire the remining 25% of the SK property within 60 days of receiving the survey results.
With this $3 milliion plus cost recovery and 27.23% net revenue from Tartaruga they might just be able to get Morichito and Noella completed and tested w/out dilution.
Then of course once the reserve report comes out for Tartaruga, they have 2 reserve reports (Morichito and Tartaruga) against which they may be able to get operationg loans.
There was also about 14 million of the $.15 cent warrants that will probably get exercised before they expire whcih should bring in about $2 million.