Towards the end of this video Matt says they are looking to...

Towards the end of this video Matt says they are looking to extend the maturities on the secured debt and the MLX convertible notes.

If he's to get what he wants with this it will surely come at a price to shareholders akin to the cost of a material capital raising. On top of this the company is going to need to raise the money to fund the development of the SX/EW operation and keep the general high costs covered through to when copper is actually produced and they can receive the early revenue under the Glencore facility.

So all up maybe $60m of refinancing of the debt in someway or another and probably another $30-40m for the operations for $90-100m in total - with a market cap of only $61m at present it's not looking good for the shareholders. This is all going to be massively dilutive.

There will not be a run of free kicks here for the existing shareholders and they will inevitably be tourched.