Bolt Metals Corp. (PCRCF)

[peza77]

NO ABILITY TO DO ANY MINING on their own

"Project is at an early stage of development.
No resource estimate, preliminary economic assessment, free feasibility study or feasibility study has been completed to demonstrate the technical feasibility or the economic viability of the project at any level of confidence. Nickel /Cobalt laterite projects can be extremely Capital expensive often with very complex metallurgical issues requiring significant capital investment. The company does not currently possess the financial resources to complete the studies ... Or initiate Construction should that technical feasibility or economic viability of the project be supported by a PEA or PFS and/ FS .
As a result the company is not currently in a position to deliver the products as expected pursuant to the initial terms of the Definitive Agreement without significant capital investment in the company ..."