RE:Mousseau West New Drilling CampYes graphene007.
NGC will be required to raise much more capital in order to begin actual mining of graphite at Mousseau West.
Not being able to raise capital at higher price points is definitely not a enviable position for NGC to be in.
Th closing of a $2.25 Million flow-through charity financing, priced at $0.75, results in the share price heading straight down to $0.46.
That is also something which we should "never forget" graphene007.
Also, income form mine operations of $3.1 Million with a loss of $4.7 Million, promarily due to general and administrative expenses of $4.9 million.
That too is something we NGC "minority" shareholders should never forget graphene007.