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northenlightsk05

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northenlightsk05

Re: Minding post# 252

Thursday, 10/07/2010 10:21:39 PM

Thursday, October 07, 2010 10:21:39 PM

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Hi Minding, They don't need financing at this stage per their presentation until the new production has been ramped up to full capacity within 3 years in Phase 1. Their revenue projection is >$150 million USD in phase 1. In phase 2, they will double that revenue. That is about 3 years' later. They mentioned that they might need financing for their phase 2 and protential acquisitions. Fiscal Q1 earning report will be out next month.
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