OTCQX:SREMF - Post by User
Post by
HRc60to65on Jul 23, 2014 7:43am
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Post# 22772527
Sirocco value and financing
Sirocco value and financing
installation of an optical sorter ($5.6 million),
completion of mill construction ($3.3 million),
rerouting the local access road from the open pit area ($1.5 million),
and construction of a natural gas pipeline ($4.2 million)
total $14.6 million
the Arrangement values Sirocco's equity at approximately C$120 million
That C$120 million can be put in loan warranty or sold
including the $ 30M of iodine inventory, Iodine sale profit will be $7M
As you can see, RBI management has some other alternative to get financing