These numbers are from Alberta and Vancouver from people I know with public companies. It includes money spent on property, money in the kitty and money for corporate purposes i.e. office, stock support, filings, shareholders communication etc.. at about 250K each. TSX will not let anyone list without about 250K in cash. JCP is not worth it, as your stock is tagged at low levels until major transaction, which requires money spent. Market also ignores you. Even then I know companies that have been kept back despite a major trans, without cash in kitty. This holdback is arbitrary at their whim. They make up the rules as they go along. If a project requires 2.5 million it can be done by a launch and then money raising, but it requires a real market. Pink sheets can be done for 20K but how do you raise money after that? Most brokers will not do stock support, and will not pour money into that market.
It can be done with private money, but the issue is what can be done and what shareouts are there. Generally private money wants to control completely, and earn-ins are not on the agenda. On the other hand it could be done with minimal private money from perhaps 3 sources, and then debt financed after a feasibility/pilot study. It could be discussed.
Most mines from Lead South Dakota, to Truro, to Beauce from time gone by required investment capital and engineering/study. It was not all ABC and property oriented. Discovery, as most prospectors know does not get you dick. Money is the key, and most people want equity that is salable or fungible. On the other hand with major partners, you don't need them selling to just anybody no matter how iron clad your deal is. What I am selling is the engineering, possessing the deal, the personnel, and opportunity. You cannot put a price on that, but you can realize it in practice. In the end it is the most valuable thing.
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