what is promo?
what exactly is a promo campaign? someone mentioning is the company gonna pay off a bunch of brokers to start pushing our paper? or is that the MM gonna start effing more w/ the price this time on the way up?
what im wondering about going on is if that PP, which we didnt really have to do, is designed to show we can raise it to go alone and we've just turned down the first low ball offer. bluffin at the poker table with pocket kings. what could go wrong? they keep saying over and over doing whats best for shareholders interests.
driving the share price down which i think is going to strangle the ability to raise much more this way. too dilutive. i hope anyway. what are future big raises of this type gonna look like? and we'll need how many rounds of 10's of millions? at what point are we looking at check, or check-mate, with funds? what happens when the 20m is gone, how long is it gonna take to spend 25+mill we got to get this going? gonna be verrrry dilutive if we're doing PPs w/ juicy warrants. what kinda % we talking about giving up for that?
to go to production, what do most companies do? debt financing for 2/3/4 hundred mill? that would be expesive and getting more so w/ interest rates going up, but much more digestible. what's a current loan like this look like, if obtainable, 12%? 15%? 300 mill x .15% would be about 45m a year interest. so we'd need maybe 4 years of 45m a year, so about 180m to finance the debt way....thats for a 300m loan, but are we 400? gonna re-read the PEA, but ballpark...
feels like we're getting strangled in the negotiations.
mine design - for fun, it would be nice to see this 3-d model. i bet i could do this w/ some degree of difficulty; id watermark it and try to sell it to the company!
The mine will be accessed through two declines driven to 250 m below surface where the plant and related infrastructure will be located. One decline will provide fresh air into the mine and be used for vehicle access, while the other will exhaust air and contain an overhead conveyor to transport finished rock salt product to surface. Twin declines will be extended from the 250 Plant Level to the first production level at 300 m below surface, continuing to the lower levels as required. The primary mine related infrastructure including maintenance shops, vehicle charging bays, and gear storages will be located on the 300 Level.
A total of six production levels supported with six internal declines and level-specific infrastructure will be constructed to support mining activities on each level. Room and pillar production mining will be executed in four cuts of five metres height, resulting in a maximum room height of 20 m. Rooms will be 16 m wide, separated by 25 m square pillars. The square pillars will be in a regular pattern and overlie one another from level to level. Each mining level will be separated by 20 m thick horizontal sill pillars.