RE:In case you missed yesterday They have less than $ 1,300,000 in working capital, So what price would a financing get done at should they do one soon? 0.75, 0.80, 1.00, 1.20, 1.50, 2.00, 4.00?
Grade is less than 0.25% Ni (low) So? They have tonnage but recoveries are less thab 60% so effectivly they are leaving 1/3 of the in situ nickle in a waste pile. But again, they do have alot of tonnage to go though. What if a large brokerage were short the shares right now the high was 2.45... lets say they are short an average of 1.80 at what price would they finance to cover?
Would $1.50 suit them or would they prefer $1.20, or $1.00? Food for thought.