Financing for the mine is not dependent... on Sprott. There are other sources of funding out there. The cost to bring this project into production is south of 135 M. IRR is +47%.
If you step back and look at the macro picture, Morocco produces 35% of the world phosphate rock. THE MENA AREA IS IN TUMOIL. AlQaeda is causing some major s-it in the region. Americans, are quietly scrambling to find a secure domestic souce of rock phosphate. Enter Stonegate, which is in the beautiful state of Idaho. Production starts at the end of Q3, 2014.
This project is the real deal IMHO
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Kapboy