I believe the following could drastically change
the way junior miners raise money in the future.
I e-mailed Frank C. on the subject last Fri.
but have received no response, so will throw
this out to the board for discussion as to if
this could apply to GNH.
A small company,Alexis Minerals (AMC) with a
market cap at the time of $60 Million was able
to arrange financing of $60 million without any
equity issuance and also no hedging required
to put their Snow Lake mine into production.
This for a property with less than 1/2 Million Ozs.
measured & indicated.Maybe I'm getting a little
ahead of things,but if GNH is able to prove up the
100 million tons by Christmas as the company have said is
possible,would we not be in a much better position
than Alexis to raise money in this fashion?Basically
the finance is a simple loan if I am understanding this
correctly.Any thoughts?
Here is the link to the news release from Sep.30 2010.
http://alexisminerals.com/docs/wp-content/uploads/2010/09/2010-09-30-Legend-Securities.pdf
D.