Sargeant,
I think it shows the merits of the project and the experience of the directors to get a LOAN from Mitsubishi at $0.12 to $0.125. per share.
Lets hope this sets a benchmark for any future equity capital raising.
Considering our concrete 80% Stockpile (Say 5 Years) and 50% open pit off take agreement with Mitsubishi we have the sales part debt justification covered.
Maybe we now need a Turnkey contract with an experienced plant and equipment supplier to secure the debt financing.
Clearly we have the well-respected Mitsubishi as the cornerstone to the project and the Board should be complemented for building this relationship.
Please DYOR.
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