RE:My preferred option going forward
4marlin wrote: is that Fathom JVs.
They have more than enough acreage such that they will still retain 100% ownership of significant, highly prospective tracts.
If the JV arrangement comes good, Fathom´s 30%? will be very valuable indeed.....which I would be entirely happy with.
The alternative is significant dilution which may not affect those that can maintain their pro-rata shareholdings (or even increase it) but it will be damaging to everyone else.
Ian´s wish to not JV presently but raise $ at, say, 10c is going to be achieved exactly how?????? I just can´t see it.
Bb
They will have to pull a rabbit out of a hat for this next financing in my opinion. Perhaps they have another good target we don't know about. Or maybe the zinc prospect at Gochager off to the west of the nickel deposit has some hidden gems. I have no idea but it appears to me that the next financing will be between 5 cents and perhaps as much as 7.5 cents. Lots of dilution coming for existing shareholders unfortunately. And FNI is stuck right at 5 cents for now. Sad state of affairs.