Ann: Calidus Secures $20M to Fund Growth Projects, page-6

Yeah gotta love that 20% increase in mill throughput. That will have an excellent impact reducing AISC and overall improving profitability.

Its ultimately what many were saying - they couldnt do everything at once without a bit more cash in the kitty. They totally could have stuck with the self-fund everything strategy but growth would have been slower. I'm comfortable with this new slightly altered strategy (I say slightly altered because most of their activties will still be self-funded).