Re: Support Broken

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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Sudbury Novice

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Re: Support Broken

in response to

Re: Support Broken

Sudbury Novice

posted on Sep 09, 2016 04:22PM

Redid the calcs and it looks like market is assuming PP will be filled and all warrents exercised.

In that case NOT would have about 400M shares FD.

If no warrents were exercised ....364M FD

if all warrents exercised, NOT would receive a total of $29M in new funding.

I still don't get the sp? It seems the market is ignoring the hard cash & FT cash plus the potential exercise of the warrents? These are assets too.....liquid at that.