Even with the loan facility they'll need to do a capital raise...

Even with the loan facility they'll need to do a capital raise to cover the corporate and admin costs for the next 12 months as TS needs his $700k salary, TS needs his $400k rent paid, then the other directors need to get paid, plus the company secretary and any other admin they have floating around in there.

If you think that the US$6m facility from Magna is a good plan, then have a look at what the existence of Magna finance is doing to the SP at VEC. They used Magna as a 'backup' to secure a 3.2Moz gold mine and the SP dropped 50%, now they're scrambling to organise new finance to payout Magna so that the market can gain back some confidence. However, over here at CFE there isn't 3.2Moz of gold @6.4g/t, there's about 4.3Mt of copper/cobalt/zinc tailings...

However, the biggest hurdle will be securing project finance within 3 months and if they can't do that then they've lost US$1.45m in payments and got nothing. Just like with Kitwe they lost all the milestone payments they made to the sellers and got nothing.

The US$20m loan to Timis would be the best source of funds for CFE to collect in as it's not a loan or a Magna Con Note and won't cause dilution. But that isn't likely to happen now is it??