GREY:PCCRF - Post by User
Comment by
adit123on Oct 09, 2012 2:31pm
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Post# 20465213
RE: Curis approaches pilot phase at Florence
RE: Curis approaches pilot phase at Florence Thanks for posting. Down the road this is what we have to wait for: "The company maintains a tight equity structure with 56 million shares outstanding, and McPhie says final project financing will take advantage of equity funding as well as debt facilities." CUV has been good about the off-take; hopefully the results of the initial 24 test wells will keep the SP high enough to get a good price for any equity funding. I know all the nay-sayers from Florence area (several of whom lurk here and occasionally post to try and throw cold water on everything; I have them on ignore) will keep bashing any progress. But botom line--even with just the state lands they have a ~7 year mine life, which puts this stock well above current value (but also about 1/2 where it could be with Florence property for sure).