re: OMN $20 Million Deal = Very GOOD!!!!
Soul power,
I forgot to mention one more thing from the news release. MF2 also has the option to acquire the off take rights for the Oracle Ridge Mine within the next 90 days. If MF2 decides to go ahead on the off take agreement, Oracle would have access to an additional $15 Million on top of the $20 Million, bringing the total to a whopping $35 Million bucks.
MF2 Deal + Credit Suisse
$10MM Equity
$10MM Smelter Fee
$15MM Off-take Loan
$70MM C.S. Loan
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$105MM TOTAL
Bringing the total to $105MM in available in hard cash and loans, I do not know how much money they have in the bank currently, but it is more than enough to get the mine into full operation and start pumping out copper.