Ann: Funds From $6m Royalty Funding Received, page-6

Put a smile on my face also.

I'm inclined to think that while we are outside a lenders comfort zone the $6m is best used advancing the decline and doing more drilling to deliver a much longer mine life and increased through put.

Time spent extending the decline and doing stope definition drilling reduces the time to first production so is really not delaying first ore delivery.

A more robust mine plan that gives the lender comfort that he will get his interest and capital back if we experience a very low price environment should also reduce the need for hedging as a precondition.

Could be a very bright future ahead.