First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

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First Tidal Acquisition Corp > email from kelertas re: dilution

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Comment by bashertrasher1on Jul 29, 2014 1:08pm

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Post# 22790422

RE:RE:RE:email from kelertas re: dilution

The 642 million in the FS already includes a 15% contingency amount for cost overruns. I do not think inflationary pressures are significant as the FS was done in USD. For example, in July 2012, 1 USD would buy you 17 ETB. Today the same USD will buy you 19 ETB. So this "inflation" that everyone is concerned about is basically irrelevant since the iflation rate on the USD is negligible (aound 1% per annum).

moneyhungry87 wrote:
It is possible though that the figure needed could be higher than 640 million bc that figure is over a year old and yes there could be inflationary pressures and cost overruns thats the nature of mining. however the opposite could be true, with ICL on board and via efficiences maybe itll cost less than the 640 million.

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