Ann: General Security Agreement, page-753

If AME grows their resource to say 500Koz, both, companies combined could make an interesting dual acquisition. There is no way they can go at this alone. They'll face the small problems we faced if they tried. The strategy AME are pursuing resource growth will theoretically add more value EV/Oz to their valuation. Yup, bottom drawer for now. Thank f* they have enough cash to see them through another 12-18 months if they reduce their cash burn, hoping for a hail mary now.