Yeah, just re-read that myself and realised that was poor detail. In my defence I am coming out the back end of my second bout of suspected covid and the old brain is a bit sketchy, lol.
What I should have written was $15M (total "loans") at 12% (yearly interest), = $1,800,000 per year = $5,400,000 (total interest for the 3 years)
That should be ball park I think. Cheers.
Ann: Update on Acquisition of the Lady Ida Project, page-14
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