RE:Investors...Not Partners...Let Us Review the Facts...Digger, we have around 42-43 million after the Auramet loan is paid back. I haven't checked the cash already on hand but that 7 or so million sounds about right for July 2023. Going from memory. I'll cut that in half because it's now January. So we should have have somewhere around 45-46 million on hand. That's a good amount of cash but yes we are a massive project so the cash burn may be a little high. We will need to raise but not soon.
As far as needing to derisk it, I don't agree with. It's been derisked. We've completed a PEA, a successful feasibility and are in the final permitting stages. The capex is huge. That's no secret. Coming up with the initial 1.8 billion isn't going to be easy. But you could see Mark has already started the process. And I strongly believe there will be a chunk of govt cash coming also. No way on this earth our project isn't going to receive any. We're ahead of ALL other juniors. And yes at some point down the line he'll have to do an equity raise. The plan would be to do one when our valuation is much higher.
As far as all the news being out, I would say we're still in the first inning and just getting warmed up. We may not land all the 20 plus partners that we're in discussions with but it would be naive to think we're going to get none of them.
Time will tell I guess. GLTA