Post by
Coins2paper on Nov 19, 2024 5:59pm
So all you need to do is hold this for 6 years
But that depends if they can get money or just pull the plug on their wasted years in a downtrend, No matter what happens this will be so diluted and the company will be in debt till they produce something in 2030, I just realized why everyone is buying this, no I don't know why.
We are all very excited by the prospect of developing i-80 Gold into a Nevada focused mid-tier gold producer by the early 2030’s
Phase two of the recapitalization plan involves working with our current partners as well as seeking new debt providers to restructure our existing debt and provide sufficient capital to execute on the Company’s new development plan with repayment terms that align with the Company’s ability to service that debt. Management has initiated work on this, including discussions with existing and potential new partners, and aims to complete this process in the first quarter of 2025.