IMO to secure $25m in debt funding (no easy feat at this end of market) there certainly seems to be confidence in-
1 asset values of the plant and possibly taillings land along with associated timeframes to first ore processing
2. Finance company or investors happy with some of the preliminary cash flow numbers
Not financial advice and DYOR
Note - huge funding deal if they pull it off and what a feeling for shareholders to know no further dilution
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- Ann: DRC Cobalt Production Acquisitions Update
Ann: DRC Cobalt Production Acquisitions Update, page-337
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