Well it better be a whole hell of a lot better than the Beacon deal all the way back last May. That was $10m for 50% profit share from BBM PCI!
I'm not sure how much funding they need, but if they are going to give up 50% of profits then my thoughts are that ar least twice that would be more in the ballpark.
I'm expecting that it could very well involve a component of the larger HCC project as well. That's the main game after all, and funding the construction from cashflow just isn't going to happen imo.
As it stands now, I'm a little surprised that any parties looking at funding this haven't just lobbed in a take over offer. I mean would a US$75m or so offer do it? As it stands now, 15 cents a share I would take in a heartbeat
Yeatesy.
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