RE:RE:Newfoundland A Top Mining Jurisdiction Stockpicks
Go back and re-read offtake agreement.....It should take us thru some sort of pre feaseability. Benton, and Sokoman will retain approx. 30% ownership, and ultimately 1% nsr. In the meantime, both Sic and Bex will have collected 12 million from Piedmont. This should easily offset any expenditures that we have incurred up to this point. Piedmont has the finances and expertise to advance this project far quicker than we. With the very decent grades, large foot print, near surface, port proximity, and pro mining outlook in Nfl, this project has a very decent chance of spouting wings. Win, win in my opinion.
Just on this basis alone, Sic is extremely under valued. Well discuss Moosehead another day.
Best
S