RE:Financing of the first mine : dilution !?Of course they will have to do a significant financing to build a mine. Likely about 100 million as you suggested. Then they can borrow the rest at reasonable costs. My hope is that the $25 million they have now will carry them through until they get permits for whichever mine they choose to develop first. And in the meantime while we wait, they spend some money wisely that will build value in the company. That could be drilling results, new FS's, etc. That could increase the shareprice significantly. and then when permits are received... that will be another big boost to shareprice. After that... go for a bought deal financing at a much higher price. Perhaps $2.50. That would be 40 million shares to raise the money. Our NEXG share count would get close to 200 million then with warrants.
That is my hope!
In the meantime, I think there will be selling pressure for the next couple of weeks from SGNL shareholders (now NEXG holders). I suggest that because there are a lot of SGNL shares for sale that would equate to a low to mid 70's shareprice. It's a big tax right off still for some SGNL holders.
The selling pressure should subside in a couple of weeks is my guess... and then the price should be able to easily rise.
GLTA