RE:RE:All the big companies surrounding MAE want a pieceIt's not only the money... which MAE kind of did need. It's the partnership that is so important.
The money will allow MAE to get until where they can show what the gold fines have to offer them. It will carry them until NFG makes an offer on toll mining. And if that is not an agreement that can be made, then they can make one with Firefly. I think NFG will want to get that deal done though, because it gives them an opportunity to continue their exploration program without further dilution.
Firefly is also another option to raise some equity to get Hammerdown into production.
If the warrants are exercised at .07, then they would likely have just about enough equity to put skin in the game and borrow the rest of the start up costs for HD at a reasonable rate.
There is I believe, a price where if it trades at that price for a period of 10 days or something that the warrant holders have to exercise the warrants. I think I read that a long time ago.
With the fines, the toll mining, some cash, warrants, many properties... I think the future is bright. It took a while to get here. Buying Pointe Rousse was more valuable than the market gave credit to.