RE:RE:RE:RE:RE:Pre-production junior resource companies.......Thats clear. And thnx for the other estimates. We could probably do with a presentation to clarify the nature of the JV. There is clear far more to the value of this deal than just the 25mil. I got no problem with the present management but do people expect significant input from Mitsubishi on the day-to-day stuff of the project or does this remain mostly the present teams project to manage? Mitsubishi guy on FLs board?
Buffalo1956 wrote: They paid $25M for a 7.5% interest of a joint venture that is just the PAK project, not the entire Electric Avenue and not in shares of FL . The next 17.5% portion will cost them 17.5% of the FULL value of the DFS , no matter what the stock price is . Ex: 17.5% of a $2B DFS is $350M regardless of stock price . Plus they still have to pay 25% of the total cost of the project and help arrange funding to completion . Have never heard of any management team from any junior resource company achieve a deal like this . Maybe all the naysayers are right and we should replace the current management team and the entire board .!!!!!!!!!!!!!!!!! Now we can all just sit back and watch how a real company is built .