RE:FundingI would say many think an off-take is more likely. This is what the company seems to be elluding to, it was pretty much what the company told me when I called awhile back (I asked about Tesla, and I was told Panasonic is really who they would be dealing with if an off-take occurs w/ Tesla). However, more importantly, the stock price is depressed, so an off-take is a more viable choice.
A more interesting question is where we collectively think FCO will land assuming all goes well, we get funding, etc. Prior to 2007 the equlibrium price was about 2.50 (or roughly 40 cents prior to the 7-1 reverse split). The comman wisdom at that time was to expect a 5x return. This would mean at today's dollars 2.00-2.50 * 5 or 10.00 to 12.50 per share. So if we jump back normal levels, say 2.00-2.50 in the next year and a half, and assuming the BFS comes in say March of 17, and Cobalt rebounds as expected, we could easily be looking at about $10.00+ a share.
We need to also look at our Uranium projects, expected to rebound in 2020, our Silver projects, as well as the other Cobalt strikes not included in the BFS that will hopefully be fruitful. If some of that comes in, we could go North of $10 to say $20.
This is all assuming that the massively depressed mineral sector will rebound. The old, buy low, sell high, what goes up. must come down thinking..