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spartex

02/22/23 9:27 AM

#13977 RE: sweetdwilly #13976

I'm bringing it up as a simple financial question. I sold my position at $2.7 US price June 2021, as I had a much more promising opportunity to pursue. That said, if you have been here that long, you know when Mic took over, he got a large chunk of shares (major dilution, Feb 2021) in order to help them just finance Phase 1. Phase 2 will cost how much? I forget, 80 mil? Do you realize we're in a much higher inflationary period today versus 3 years ago. What will the going rate be for debt in today's market? I'm just asking basic questions as a way to understand risks/barriers that need to be managed in order to get that 2, 3, 4x you are all talking about will happen very fast (months to year).

Have you are anyone else asked Brent about how they are going to approach the financing questions? The Vanadium property will need more work to prove out according to my last conversation with him 3 years ago. Maybe a JV. Haven't followed Vanadium prices lately, are they a lot higher?