RE:RE:Use Of Proceeds LMAO, more like short term pain for long term pain. No discussions on infrastructure can happen until we have our second FS, which thanks to "Mis steps" is at least 12 months away. What will our share price be by then. At .50 cents FCU would need to float 500 million shares! And if CRDN will not support 2 mills, what happens if NXE (who is further along) says thanks but no thanks FCU! Does that mean PLS never gets developed. Your making a lot of assumptions based on NXE bailing us out. Better NXE buy us out right, clean house and keep our pounds in their inventory - they would only need to float 100 million shares to get the job done if they want to. JMO
Greenday wrote: @ RP - Personally I like the move to raise $250M. It's not enough to build the mine but It's enough cash for shared infrastructure costs with NXE. NXE currently has its mine applications before the regulators and the CRDN commissioned report pretty much assures that the Dene will not accept two mills in the region without putting up a stink.
So it's only some short term pain for long term gain as one mill is better for everybody and that is what I believe we are currently seeing playing out. A FS and capital raise by FCU and then a MOU on a mill and infrastructure with NXE.