An initial list of questions I have:
- How are the funds from the finance tranches used?
- When can the financier start converting notes?
- Further explain the amounts of the loans to the mining operation? How are these offset against Mustang's royalty costs to Regius?
- What proportions of gems recovered from LM01 are High Quality? Is stockpiled material for March also from this location?
- Provide more explanation of the grading and sorting process pre-auction in terms of timeframes for activity at mine site and activity at the auction location.
- What is the production target for the March auction? Acknowledge that material is being stockpiled but do you anticipate this will be lower due to the wet season?
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