RE:look at the cash position of Monument Market cap 0,19 CAD caFreddy
I don't fully understand your question, but assume that you refer to an equity raise to fund the Floatation Plant ?
The plant is estimated to cost $20 million US and $10 million cad for Murchison drilling.
We get $30 million US for the sale of Murchison.
That money should cover those two additional projects with a few million cad left over for contingency.
We have nearly $30 million cad besides that including 5800 ounces in gold dores which can be if needs be .
Plus the cash flows from current production, should that increase .
We are grossly undervalued with lots of cash, so an equity raise below $0.35 cad would be solely for the advantage of insiders and their friends, and in the process try to offset the majority shares held by the shareholder group.
Debentures ( not convertible ) would be the way to go, but I don't see the need..