Ann: Positive Redmoor Study Results & Re-commencement of drilling, page-73

Could Gary possibly secure further funding from RCF to maintain our 50% share in Redmoor?

Being our major shareholder with about 1/3 of our registry, I would believe they would hate to give up another 10% of our project.
I’m still under the impression that NAE will be using WLF in the future for a joint treatment plant, which managment has mentioned in the pass.
Wether they take this option or not will need to wait and see.
It would not make sense to me for RCF to give up 10% of Redmoor, being major shareholders of both companies.

I don’t see funding coming from a Lochinvar deal, unless the project is sold entirely. A JV partner would not want their money going to another project knowing that we are not cashflow positive and would seek further funding in the future.

Will be interesting to see what Gary comes up with, but ether way I’m pretty confident in the current projects and see great upside from these values.
A MCap of $3.6M can not justify the value of our current projects in my opinion.