Your assuming that the reserve report will turn up something substantial. Seriously, how much do you think the reserves are worth if MAE can't even make them profitable on such a small scale production?
Yes, correct the bank would not extend the loan if it didn't think it would get repaid. Why are you assuming it will be much more than $50mil though? They may only get $100mil for the licenses... leaving not much left for shareholders. MAE has obviously told the bank that if you don't give us the money we need your getting nothing back.. so obviously they're going to oblige and lend the what they need to sell the assets.
Do you own any other shares than MAE darkcloud?
Your assuming that the reserve report will turn up something...
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