The above points are intriguing and were the subject of questions not able to be asked at the AGM.Alternative funding opportunities and Early cash flow almost certainly refer to the sale of part of future gold production at Youanmi at a discounted market price.This option is becoming much more common these days and it presents many advantages over traditional debt or a diluting CR. It leaves more leeway for Rox, as they are not committed to cash but to a percentage of future sales or production. The lender does not require any restriction on the use of cash obtained which will be for exploration, FS and DFS and pre production expenses. Due diligence will be based on the upcoming MRE and Pre Feasibility Study. If lenders like the PFS metrics and considers that Rox will get into production quickly they will advance $20m or so to take Rox through to a DFS and pay some of the pre production funding. This avoids diluting the share registry at a time when Rox shares are very cheap relative to their likely value at the end of 2024. Rox will deliver repayment at an agreed price of gold for its first production. In effect this is an early cash flow for Youanmi.It is a mark of confidence that the Rox Board is advancing this option because it is based on near term production.
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