Think the question is very relevant as it shows how the interest in the company and the tenement is viewed by the wider mining community and investors and how they see the value in the company.
I don't see a lot of interest in investors jumping over themselves to handover the $100M. And when they sign the intent, it seems there is a struggle to handover the cash...DD after signing perhaps.
Not sure how much worse how you can get: for a mining company that does not mine, it is still losing money.
At some point mining leases have to paid or you lose the lease.
No pain here. Don't hold.
CTO History > Major funding negotiations >$$$, page-54
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