The debt would be conditional in having the equity component in place.
Maybe they will use private equity but they will certainly make them pay an extortionate price. If I was them I would bite the bullet and do a big equity raise and get it out of the way.
Frustrating to do at this price, but it always was a tough gig financing juniors into production.
Even if they increase the shares out by 50% at say 50c over 5?years this thing could be worth north of $3.00 at least.
The debt would be conditional in having the equity component in...
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