posted on
May 10, 2010 03:31PM
Message: Re: Oh Well
One can only hope so Jimmy.
IMO, just a logical guess mind you, the timing of Garry's updated value of gold/antimony in the report that GRIM posted, may be a final requirement for the lender(s).
A credit line has to be secured with collateral of some sort. A home equity line requires an appraisal, with the right mixed of loan to value, credit history, income etc, but "stuff in the ground" is another matter, and I could not even guess what the requirements are.
I can only assume if it costs 20 mln to get product to market, and the value is 100 mln, it would be a safe risk. Maybe others here have an idea what it will take to make this happen in the next 30 - 60 days?
The big question remains, what will financing do for the share price? One would think speculators fueled by emotional buying so to not be left of of the game, as in 50 - 100 mln volume days on a consistent basis, could shoot it up quickly.
So, we wait.
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