Nautilus Minerals NUSMF (NUSMF)

[Getitgogone]

PDAC 2015: Nautilus on track to seafloor production, but funding challenge remains


Part of this article is what concerns me (below) and that filing last week says more dilution might be possible.I think the stock for some strange reason has gotten ahead of itself again by jumping into the .40s so early on.Too much wait and see stuffium for me...but we'll see what develops.I could just be mad at myself for not getting in when it dropped to the low .30s briefly ....nice 20% gain for those that did.At least I'm honest about it !!


"Of course, one big barrier remains: capital. Nautilus has spent about US$180 million to date, but will need significantly more money – potentially around $200 million. That is almost as much as the company’s current market capitalization.

Raising that amount through equity, if it can be done, would be extremely dilutive. But Mr. Johnston maintained the company has a number of other options. Royalty and streaming companies were interested in Solwara 1 before the government dispute, and he thinks they might get interested again now that it is settled. The state of Papua New Guinea has an option to boost its stake in the project, and the company is looking at potential joint ventures with mining companies, service providers, or offshore oil and gas firms.

There is still skepticism out there, but Mr. Johnston said the PDAC crowd is getting genuinely excited about his story.

“It’s a lot more exciting than going to Caterpillar and buying some trucks,” he joked."

http://business.financialpost.com/2015/03/03/pdac-2015-nautilus-on-track-to-seafloor-production-but-funding-challenge-remains/