Ann: EN1 Fireside Video Chat September 2019, page-29

Mining companies (explorers) are capital intensive, they only survive on debt facilities or CR
When they mention potential size it's usually based on certain drill results or past results.

if EN1 said we require the debt facility as we have conducted detailed research on 10,000 publisher's cash flow issues and as a result of that, by entering a debt facility we can increase our own revenue by X and our bottom line by X even after accounting for the extra cost.
The breakeven point is X

Now it has substantiation behind it, this business is more or less unprofitable so they are going to add to their costs by borrowing $15m on the whim that this will entice more publishers to work with them.

That's just a guess, and a costly one if it doesn't have the desired effect, margins are tight enough now.