RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I love this post by Mount Teide so I have to reprint it hereShhhhh, I think he's sleeping now.
I'm just guessing but I think he's talking in terms of gross expenditures to drill all 20 targets
@ $ 5 Million a piece. I think there are actually 24 targets now and the $ 5 Mill per well is just a guess too. I can't think of anything else that would cost us $ 100 Million.
We should at least double our current cash flow once Coho is on line. And although the permitting process has been slow because of Covid we may not have been pushing that process as hard as we normally might because we are also negotiating a pipeline build out deal with the Gov and why not wait a bit and include that line in the deal if it saves us $ 3 Million in Capex. I also think that once the deal is signed and the Gov. is handling the permitting process in-house it may accelerate.
You know how it is when the Construction manager of the Gov. owned pipeline Co. is married to the manager of the Gov.s permitting department, or something like that. Shite happens !
Once we know how Cascadura Deep and Chinook perform and a better idea how big a pipe we'll need to drain that lake I'm certain a line will be built there asap.
Knowing how big that wave of cash will be in the near future will make everyone, including the Bankers more comfortable and increasing our line of credit to $ 30 Mill or whatever we need shouldn't be an issue.
Don't think we'll have any problem raising a bit more cash to drill Royston if Paul decides to drill using equity vs. debt, and we know that's his preference.
5,000,000 shares at $ 3.00 to $ 3.50 or possibly higher will probably be the last equity raise this Co. ever does.
Just for fun I'm betting on our first dividend to be announced around this time next year !
Graceolivia wrote: David why the 100 millions before any money come in