how much cash?, page-13

I assume they still have the international debt facility too which they are not shy on using. I figured they needed to pay this down before securing debt finance for the conveyor at the tailings project - paying down existing debt would reduce risk from the financers point of view. Securing debt finance should in turn should attract offtake partners imo.

Re future financing- they've said they'll start to rely on cash flow from the tailings but from a corporate structure perspective, there are 17.5m options at 6c, 10m options at 10c and then the biggie- 60m options at 20c.

The 6c options raise just over $1m
The 10c options raise $1m
The 20c options raise $12m

This, alongside the tailings money would fund the agressive diamond drilling needed at both Carachapampa and the porphyry projects.

That's if it all goes to plan I guess!

Imo becuase of the above, 6c is the first major target.