Post by
nofluff on Jun 16, 2020 10:03am
deal is done
Rm put a million of his ow cash in. He says the nib is the best and is going to drill the targets and take it to mine.
How do we get the cash? My guess is we sell 20% to dv to drill 20 million of targets. Dv takes options to to take it to bfs for total of 50%. Dv then takes 75% to develop mine. This will be a much larger project than was planned.
We loose 75%. But increase value by 4 times without any more dilution.
Just guessin here:)))
nf