RE:RE:A couple of Comments!ESM management knew how much money would be needed to advance the PEA, ESIA, engineering studies, etc. You have some companies who have management with foresight and are investor friendly. All of the money now needed could have been raised between $1.50 and almost $2.00 and dilution would have been minimal with no threat of further dilution until a production decision.
That said, here we are. If I were driving this bus, I would sell a part of the project or just JV it. The amount of money needed at this time does not justify massive dilution and I frankly find it hard to justify. F&M are supposed to me a mine finance bank. F&M are supposed to have excellent connections within the industry. ESM can and should continue their focus at Colnic, but a JV partner could be working on either Ciresata or Rovina now for a piece of the pie.