Ann: Quarterly Activities Report and Appendix 5B, page-51

If gold hits $2000 again, it will further open up better financing terms and a higher stock price to reduce any dilution. It increases their funding options but They won’t need the price there to slam this shut. Gareth has said this will fly with a gold price around here on his last online preso. It would be icing on the cake if it happens though. We can see that Bc8 is going as fast as they can to get this into production next year and I’m not sure you could really speed that up much unless you did a big higher priced raise and just went for it. That is possible if the stock and gold price go to a more reasonable level imo. if the stock was over a buck they could raise the lot and forget about the debt and still have around 200m shares on issue. Then it’s game on. This will rock once people see all the money is sorted and I suspect that’s all going to happen before the end of the year if they want to be building this early next year. Look for the reserves and ‘big dig” study updates to come. Once they are done I would imagine that means the last outcome is the funding. According to one note, they are already doing site development getting ready to hit the road running. Laying the cement slabs for the mill and building the accommodation.
Bc8 won’t need to forward sell gold imo. If they combo debt equity play this there is plenty of room for them not to forward sell gold. if you went for a full debt package, then someone would want to see forward sales And big reserves but these guys won’t do that. If they went to someone like Macquarie bank, they would probably want some forward sales but you don’t go to Mac bank. The time line indicates all the reserves, studies, permitting and funding will be lined up pre Xmas. That isn’t far away.