RE:we wait- NEXT OPERATIONAL STEPS:
1- DECISION on PROVIDING MAYBE $ 1.2 million in GRANT MONEY for TESTING SMALL SCALE METAL REFINERY
2- SUBMISSION and DECISION to FINANCE 50 kilometers ROAD SPUR to NICO project from WHATI highway link
2- SUBMISSION and DECISION to FINANCE 22 kilometers ELECTRICAL DISTRIBUTION LINE to NICO project from SNARE SUB-STATION GRID CONNECTION NODE
- NEXT FINANCIAL STEPS:
* BIG BLACK BOX as NO CREDIBLE information is PUBLICLY AVAILABLE RIGHT NOW on HOW the MATURING DEBT PUZZLE is going to BE SOLVED ?
- I FIGURE that PROGESS on the OPERATIONAL STEPS will CONVINCE CREDITOR(S) to EXTEND/RENEW DEBT TERMS
{TOTAL SPECULATION ?}
- the DEBT is a FRACTION of the RUNNING VALUE of the UNDEVELOPED NICO value chain (with detailed drilling, GOOD model of refinery process, mine permits, environmental assessments, OPTION on refinery site etc.}
- the SPUR ROAD and ELECTRIC GRID CONNECTIONS are HUGE STEP FORWARDS
* I will make a VERY ROUGH 'ESTIMATE' that the SPUR ROAD has CAPEX of $ 30 to 50 million and GRID POWER from $ 5 to 10 million (don't know if it is 14.4/25 KV or 69/72 KV like in Alberta which makes a HUGE DIFFERENCE in the COST of the SUBTRANSMISSION/DISTRIBUTION BUILDOUT}
- there is a HIGH LEVEL of UNCERTAINTY without KNOWING the REAL INFORMATION
z173