Ann: Mica Testwork Update, page-24

Andrew is holding a full house here..!!
Gold taking out $1,600 USD overnight, this financing opportunity is rapidly becoming de risked.
The DFS was presented on $1,400 USD, which provides healthy margins on a very healthy margin already.
With enough cash (18 months) after the sale of the MEI stock at almost the recent high (great timing), there is no rush to take the first deal presented by any lender.
Guaranteed the lender will want some deal that favours a larger piece of equity.
With gold now hovering above $1,600 USD we can show them the hand and ask for more favourable terms.
Terms that favour MINIMAL dilution..!!

Lute