Comment by
loparn on Oct 15, 2010 9:24am
Clearifying, I have calculated with 10 M new PP shares for working capital UNTIL the PP project financing in Q4 2011. At that time I presume a financing at 0.50 CAD i.e. another 20 M shares corresponding to new equity of USD 10 million, as stated in the presentation.
Comment by
ALD on Oct 15, 2010 11:01am
Lopam, Where do you think they'll get the other $100 million for Pine Point? My guess is that they issue more than 20 million new shares. Depends on the price of course. With the need for that kind of startup $$, you think they may look at a JV?ALD