BryanC We know from previous press release the Processing plant is already fully engineered with drawings and quotes. The CAPEX totals were filed with the current EIS as these totals were needed to compute the filings fees to the ONE.
My estimates are that they will need upwards of $2.5Mill and 6mths to get plant built shipped from China and set up.
Thats the beauty. If things go as planned and Dan can coax the final approval of the licence in the next 60 day period, DNI will be a total different company.
Just some examples of what a financing might look like
$3million dollars at .08 is 36 Million new shares
$3million dollars at .12 is 25 Million new shares
Another possibility for financing would be an off take partner who prepays for a portion the offtake and gets paid in product over time.
It seems a sure thing to me that with the Env licence in hand, DNI has the green lights. Financing the low CAPEX should not be a problem.
With the 6000tpa up and running, we should be comparable to the market cap of BASS Metals down the road from DNI. Bass just finished their 6000tpa plant this summer.
Currently Bass MC stands near $45 million but was $90 million in May
To throw a high number out there, Lets say DNIs share count goes to 150M and they can
garner a $50M market cap.
$50M/150m Shares = .33/share about a 6 Bagger from here.
This is why IMO it was worth it to get free and settle with Cougar
Checkmate28 JMHO
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