Let's assume a $800 million price tag to move forward
At the current stock price (about .18); they would need to issue 4,444,444,444 shares
Put another way....they need to raise about 20 times our current market cap
Let's face it....this board has ruined this company.
Going forward, our only hope is to be taken out.
Noront needs to call it quits in the ring and conserve cash....then find a buyer so we could recover some of our lost money. It's going to take a company with bigger pockets to deal with the native and government issues.
I would have never belived it would come to this...but here we are.
It's still a great deposit....with lots of potential....but this bunch of self proclaimed professionals will never get this going...unless you believe in majic.