GREY:NATUF - Post by User
Post by
RGS1on Mar 12, 2001 11:04am
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Post# 3459057
financing
financingThe company will require startup capital. Most of the $ required would come in the form of a forward sell/JV. If the company were to sigh an uptake contract, it is quite probable to receive some of those $$ up front. The company would then take those $$ and open the mine. Some working capital would be rewuired on top of that, which would come from the mkt. As this company was an institutional stock in the past, we believe that the extra $$ would come from an institiutional PP. Keep in mind, this is NOT like most mining deals (exploration). We have a tangible asset, giving anyone who understands anaylysis the abiltity to predict stock prices based on Tungsten prices and production. Thise makes financing a much easier prospect than a company drilling holes.
Ron