Thanks I appreciate it. As I said I am just planning to speculate, but if this is actually a real business opportunity that changes level I might jump in at.
1.) I doubt they have any reserves as that generally requires a feasibility study, which if they had they would probably be shouting form the rooftops.And in any case they probably would need to file a 8k
2.) Capital requirements - even at half your estimate, even with "traditional" financing ,that would be double the outstanding shares most likely.
Since they had some sort of deadline January 6th, I assume they will be filing an 8k soon.
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