Your first post ever kjaakkol. Welcome.Interesting footing....

Your first post ever kjaakkol. Welcome.Interesting footing.
Quick look at the balance sheet will show you they dont have the funds. Dont know many or any mines that dont need to raise capital or finance at such a stage. So the question is really kind of self answering.
Wouldn’t you think finance would be a valid option too? Given the IRR. Maybettoo that would be why it seems to be the path preferred by the company and in the MOU?
If they raised finance how soon would they pay it off you think and if they capital raised who would be assuming the IIR in return. Would that offer the 6 cents pricing still you think?

Even if they did a cap raise. How many stages are you calculating it will takeand from that how did you conclude 6 cents would be a fair price even if all this may eventuate in a year or two to come?
Just asking as it sounds like you have worked it out. But Im not sure how you drew this conclusion or got these calculations and your workings may help to show it.