Various Phases of the Business Plan....According to Friday's Press Release, there is a multiple phase (3) business plan proposed for the Cajueiro Gold Project. Each phase is unique and will require funding, execution and commissioning to successful completion.
It would seem that many here on Stockhouse, want to you believe that by year's end......EQT will have completed two, if not all three [proposed] phases successfully and producing a substantial cashflow, to the tune of $600k/month. Apparantly, all this can be achieved with a US$1 million advancement and possibly the partial use of the proposed CDN$2.5 million private placement [it is hard to determine what portion of the $2.5 mil will be used for Cajueiro and Garland.......if any].
But nonetheless, I have to wonder why the shareholders of Alta Foresta would give up 50% of their gold project to EQT.......if all it took was a couple of million dollars to quickly advance the project to a cash operating machine of $600k/month?? The payback is just over 3 months!!
It just boggles the mind! But I am willing to discuss the above in a mature manner. :)
Disclaimer: remember, the above scenario was based on Mr. Rockford's suggestion [Stockhouse Statement] that EQT could be generating a cashflow of $600k/month by year's end.