RE:RE:RE:Where will the PP be at? So here is another answer.... nobody knows. Last time I checked we had a few million in the bank due to the ~4M PP in June 16, so there is money in the bank.
So the PP is related to funding the 148M for the mine. First thing that will happen is the BFS which expected any week (1st Qtr 17). Next the company stated they plan to engage in an off-take agreement (with someone like Pananonic/Tesla). After that Financing is expected.
The question then is, will we need a PP as part of the Financing deal. Nobody knows. We could have a PP as part of Financing, or could use the PP to fund the purchase of adjacent properties. If they have a PP for financing, I would expect anywhere from $2 to $3 dollars, based on Cobalt price rises, The BFS affect, the Off-take affect, and the steady rise we've been seing since last March.
Hope this helps. Btw, the BFS should include a) additional drill results, and b) will account for Cobalt prices around $20 or higher (instead of ~$10). So the IRR is expected to really shoot up obviously from an IRR of ~25% @ ~$10 cobalt, to who knows!