RE:Ah HaI like that miner. Shows some strength. I finish the sm vid.
The interviewer was not a patsy. Hey kept stuart pinned. Stuart apeared very nervous. All that said he made some clear statements.
1. All the pp cash is for preconstruction engineering of florence except for some other stuff the corp needs. So how much for other stuff?? Does the pre engineering cists come out of the 230 million u.s. cap ex?? Or is that added cost??
2. They will hopefully raise 100 million u.s. from j.v. Last interview 20% sale.
3. So 30% florence sold so far. We do not know if the cash will b an add on to capex. I will guess the language indicates add on.
4. So we get 100 million u.s. for 20% florence.
5. We may fo another equuty raise.
6. Lots of swallowing and squinting when asked if gib would fund much of
florence.
7.My take away. Pre pp sh may live to c 20% of florence value.
8. Earliest mine is producing end of 2022.
9. Oh boy!!;
nf