RE:The next financing...I really don't know as there are a variety of financing options including streaming deals or convertible debt or a major buying in as a cornerstone investor .
I assume that their very recent option price of 6 cents is the floor and that a mixture of commons and flow throughs will be used.
I assume no contribution from interim gold production , as well.
As my research has shown, even 10,000 ounces of scrounged production outside of HD would generate substantial free cash flows enabling early capex develoment of the HD mine.
Financing gives us the working capital to do many things / converting stockpiles etc to cash and carrying out a variety of exploration and develoment drilling .
Our mill is now upgraded , inspected and finely tuned to the highest recovery rate.
What is incontrovertible fact is that NFG cannot produce Queensway without tolling it's ore through the Pine Cove mill.......or buying us out.
As for the share price, just $2000 in daily sells does not make a trend.
Fact is that there are no major sellers, just those who have to sell for whatever reason or those who sell not knowing what they own.
We are in the summer swoon season for gold stocks...low volatility and weak prices ..but producers are doing fine.
Interim gold production will move us out of the exploration category into the much higher valued Producer category.
Be patient .
After 10 years of patiently collecting the necessary quality and complementary assets / projects, we are exceptionally situated to now begin their monetization.
We shall do well.
GLTA