Dr Air GWA financing. More to think about. Of the 60 million needed GWA has already spent some of that on the infil drilling and engineering work. Possibly they might need another $50 mill. They wont need it all up front.
Gowest handles the feasibility permitting with a equity raise
Xstrata mine rehab (10 - 15 mil)- hopefully Xstrata finances this
Underground costs plus ramp and infrastructure (about 30 mil)plus
Contingency money??? $10 million
GWA needs the above $40 mil
AC kicks in an upfront pmt for the rights to the tailing 10million? and gets to toll GWA for refining and builds the refinery on their own dime.
Snippet: UC hired a firm to find Chinese investors to help fund their increasing Canadian operations and they have a history of raising money. Humm?? Xstrata/Glencore is highly motivated to fill the empty production capacity, as GWA is the only project large enough to make it worth while. The city of Timmins is on board because their economy is at risk of losing 1000 jobs if Xstrata Kidd mine closes. With the players involved, their are many possibility's.
So now Gowest is short about $30 million.
Just thinking out loud here, and it will probably happen differently, but this scenario is easily plausible. I'll say it again. Gowest is going to move forward.
Checkmate28
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