OTCQX:NTGSF - Post by User
Post by
djrichieon Apr 16, 2018 4:34pm
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Post# 27893492
There Won't Be Anymore Dilution - Thru Feasibility
There Won't Be Anymore Dilution - Thru FeasibilityGPY is completing new metallurgy on improving Brewery's economics for a reason. GPY wants to dress up Brewery's value before selling it.
Even if GPY are unable to imrove the metallurgy of Brewery, they will still be able to sell the asset "as is" for 0.5 Post-Tax NPV at worse, which would be $16 Million USD even without improved metallurgy. $16M USD converts to $20M CAD plus they have several million warrants that are outstanding and many or all will be converted. What this means is there will be no need to raise anymore financing, resulting in any new dilution beyond the 150M outstanding shares.
GPY has enough money in treasure for this years drill program and PEA to be completed late 2018 early 2019. Afterwards GPY will have access to at least $20M CAD, or more from the sale of Brewery when needed, plus the remaining warrants that are outstanding, which combined will be more than enough funds to get them through Feasiblity.
This is a company flush with cash and an existing asset (*with permits in place) which they can sell to get them through to Feasiblity with their 3 Aces and Scrogge projects.
*Permits and licenses for Brewery Creek include a Type A Water License and a Class IV Mining Land Use Permit.
GLA