They raised enough money to get Coyote up and running and drill...

They raised enough money to get Coyote up and running and drill all the deposits. A toll treatment would be a fantastic outcome for the company as it would basically remove any lingering doubts about capital restraints. That would provide very large cashflow and could be extended if they got the right terms or needed to do that. That is up to management. This would also attract funds imo. They are replacing ounces quicker than mining them with these deposits imo.Then they bring on Coyote's cash flow at the same time. The management own a lot of stock and would have no desire to dilute a valuable company at silly prices and nor do they need to do that. That is another reason why you want management aligned with shareholders. We see what happens when that isnt the case. Don't forget access to debt. BC8 Has reserves and will get into cash flow. Mining contractors have been known to supply working capital off their own balance sheets if they like what they see. The debt is also another option for management if they wanted to use it. We don't know if bc8 might end up finding another cracking asset and decide to do something we cant yet see happening.
In short, BC8 have optionality everywhere you looks. That comes from the funded Coyote project to get the ball rolling, potential toll treatment deal or debt. It is ludicrously cheap by peer groups standards.