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)

Free
Message: Consolidation
The loan RCF made currently has an interest of 8% per annum paid quarterly in shares (average price of 20 days prior to interest payment). RCF currently own 51.9 milllion shares of NOT and if NOT does not pay the $20 million USD loan back by Dec 31 2015 it converts to 55.5 million more shares at $0.45 CDN. So RCF has the potential of owning roughly 108 million shares of NOT come January 1, 2016. Thats 37% of what the outstanding shares will be. Add in the new RCF loan and the Franco Nevada loan and NOT needs the share price to go up so it can attract equity and payoff these loans or its going to be dilution time.

... Been There
Share
New Message
Please login to post a reply