Estimates of potential share float at Molo's Produ
Below are some possibilities for ENZR's share float prior to Molo's production. Each start with the present 163.254M shares outstanding with various share additions estimated under each possibility. We should each consider posting our estimate concerning dilution.
First Possibility
163.254M, the present share float
5.623M, DRA taking a 5% ownership per MOU – potential proceeds of $1.0M to $3.0M
0M, None of the warrants set to expire on 05/05/ 21023 are exercised
0M, Molo Plant built by Debt financing only
7.000M, Employee options exercised - potential proceeds of $1.0M to $4.0M
175.877M Shares
Second Possibility
163.254M, the present share float
5.623M, DRA taking a 56 ownership per MOU - potential proceeds of $1.0M to $3M
*10.834M, 50% of the 21.667M warrants expiring 5/5/13 are exercised - potential proceeds of $5.417M
0M, Molo Plant built by Debt financing only
7.000M, Employee options exercised - potential proceeds of $1.0M to $4.0M
186.711M Shares
Third Possibility
163.254M, the present share float
5.623M, DRA setting its 5% ownership per MOU - potential proceeds of $1.0M to $3.0M
*10.834M, 50% of the 21.667Mwarrants expiring on 5/5/13 are exercised - potential proceeds of $5.417M
++++++ Assumes that 42% of the estimated project CAPEX is financed by equity at $1.50/share,
34.909M, (69.817M** x 0.75)/$1.50 - for shares 34..909M shares
7.000M, Employee options exercised -potential proceeds of $1.0M to $4.0M
221.620M Shares
Debt payment required for above possibilities
First and Second Possibilities use 100% debt at ($168.778M** x 0.75) = $126.584M @ 8.5% int, over 10yrs,with P&I of $19.292M paid annually
Third Possibility use debt of ($98,961M** x 0.75) = $74.221M @ 8.5% int over 10yrs with P&I of $11.312M paid annually
*Assumes our share price goes over $0.70 before May 2013
** values so marked were taken from geared figures under Preliminary Economic Assessment heading, that likely included brokerage and bank fees, as the dollar sum of equity plus debt are higher than $162.043M Capital Cost figure given on the first page of PEA..