Well that might account for the lack of enthusiasm Loki...

Well that might account for the lack of enthusiasm Loki ....however they do say the interest rate is “competitive”.
And the fact they are working with Australian bankers gives the ability for genuine human relationship building which is key in terms of long term strategies...

The loan is for 4 and a half years and ties up 164,000 ounces in hedging ... I don’t understand thst bit too much but i read it that regardless of falling or increasing gold price, they expect average of $1710 per ounce ... (ie secure income on hedging of $280plus million ...)
Currently we are 612,000 ounces with 40,000 inferred ,... AISC under $1000 per ounce
Leaves 448,000 ounces unhedged not counting the inferred or future finds ...
With a preferred contractor in place for six years ready to start in March