Post by
nofluff on Jun 13, 2024 12:00pm
My guess
Is that, the 20 million immediate cash request, will pay wages, commission UG crusher, build piping from slurry plant and install more UG pumps.
At that point restructuring is done and mill is covering costs. What is the other 40 mill. for.
My guess. Exploration and finishing op feasibility.
I think, ncu is at a milestone.
Nf
Comment by
quinlash on Jun 13, 2024 12:31pm
I believe it's possible a federal bailout will appear. Copper Supply is a national security item now, that change came into affect over a year ago (maybe 2 years). Nothing is for certain however there are at least a couple of ways things could still work out for current investors JMHO
Comment by
nofluff on Jun 13, 2024 12:45pm
Yah. The chpt. 11 dip provision is a gov. Law. With a participating investor offering dip financing, I doubt much will come from gov. Certainly could b some. Patiently waiting:)) Nf
Comment by
slewfoot2 on Jun 13, 2024 1:00pm
nope... zero chance quin.... lol... geesh....was that in the presentation?