Re: This will be done with loan from -glorieux

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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geoprof

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Re: This will be done with loan from -glorieux

in response to

Re: This will be done with loan from

glorieux

posted on Oct 26, 2008 07:59AM

My interpretation of "equity" is an issuance of additional shares in NOT. This could be in the form of a PP or an offering done with a prospectus, through an investment dealer/broker, which would presumably be open to the general public to participate in.

On the other hand, perhaps a convertible debenture. Either way, dilution will eventually take place. 100% financing through a conventional bank "loan" is, in my opinion, not a viable option. Maybe a combination of the above. Who knows? Factor these possibilities into a DCF analysis, and see what happens to the NPV/share value.