GREY:NMKEF - Post by User
Post by
Steamoon Dec 12, 2016 11:54am
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Post# 25586056
Dundee likes the news
Dundee likes the news
Sorry, I don't have a link but here is a snippet from their research report released this morning. It's called "Picture Perfect Progress at Whabouchi and Shawinigan": "A positive progress report stating that Whabouchi Lithium Project remains on time and schedule was released. Great news but this shouldn't come as a surprise with management doing an excellent job at keeping investors abreast of the situation. Success bodes well for technical and financial de-risking...Financing progressing. Quebec government has committed the last $125MM ($75 debt; $50 equity) of the 300MM debt, $200MM equity envisioned. Lead bank and syndicate is to be announced in January, with debt in place early Q2/17. Expect an equity raise around then as well. Sample qualification will have just begun, but we expect considerable technical de-risking between the expected concentrate and back end demo plant success and existing off-takes."