2x short term debts replaced with 1 medium term debt.
It's far from cheap, but it's safer than what we had.
$35m USD. 2.5-3 years to pay it back.
I think that'll leave us with this debt, plus the equipment debt, and anything associated with NE...
2.5+ years is a pretty long time, which makes it hard to screw up - hard not to be processing better grades in say 6 months, to start paying it down fast.
I'm assuming $35m USD is all that we need, with gold/silver prices being high (thankfully).
BTW: what was the limit on the 2 short term facilities? To know how much 'additional' funding we've taken on.
Ann: Kingsgate Financing Update, page-54
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