RE: where's the working capitalCantex has just under $ 2 million in the bank. While I believe MTX has just over $7 million presently. Cantex's bottomline will not matter for now as MTX will carry all Greenland costs for the next 2 years. That should be more than enough time to prove out if furthering Greenland is warranted. If so, I believe CD will have no trouble paying its share at that time. For now, MTX has no trouble raising capital, just completing a $3.5 million financing and in my opinion could easily raise another $3 or $4 million in a short time.
So who to go with? MTX will have 75% but will ditute to explore Greenland. Cantex gets a free ride for 2 years but gets 25%. The choice is yours, whatever, I can see this Greenland play gearing up substantially as we step through spring - things should get very interesting.
P10