Yep, they don't need much money right now. Remember that CNJ is pretty much a shell company. The strategy: prove up the resource using external consultants (and BAR's experts doing a lot of work too), then do a deal - so partner with a bigger player/or buy debt funding from an off-take partner in exchange for guaranteed supply of cobalt/nickel.
CNJ is about 40% owned by management - they don't want to issue shares as they know the value once the resource is proved up. Combine this with a very heathy 'sellers market' situation where buyers are begging for supply and you can see how debt funding (stream funding) looks appealing and possible.
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Yep, they don't need much money right now. Remember that CNJ is...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.708M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $290 | 193.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 74917572 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 4941418 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 74917572 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 4941418 | 10 |
0.003 | 4427916 | 5 |
0.005 | 2878051 | 2 |
0.008 | 62500 | 1 |
0.009 | 321000 | 1 |
Last trade - 12.09pm 29/03/2024 (20 minute delay) ? |
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