lender requirement. They’ve always communicated that debt will be the last $ in. We come up with some $ “project equity contribution” upfront that de risks the debt providers even further (akin 20% deposit for 80% loan). Good thing is we don’t need 40-45m usd to access the debt. Some of the $ needed in capex has already been spent during early mining to rehab the area & some will be paid for with revenue over. Get $15-20m usd & we should be good to go.
Also, it’s $50m including interest for $ withdrawn over 1st 2 years before payback starts. Good thing is thanks to gold price, we may not need the full $50m withdrawn.
over next few weeks should get further clarity on remaining funds & potential start date.
WWI Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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