The 550k can be just given back and the 450k outgoing repaid at $30k a tonne as costs must be part of the previous quarters production cost and the $450k outgoing.
So repayment capability this month is $550k plus first payment of Tin 20t ×30k = $600k
They are eligible to repay a total of $3.15 million.
Lind are eligible to convert 25% on buy back or $1.05 million.
On commencing sales, give back 550k left over of the million CN and first $600k payment or maybe its only the current $29k/t =$580k, so total of $1.15 million repaid on first sale.
Leaving $2 million up for grabs.
They should just CR and let us all participate at 90% of the best 5 day vwap of the previous 20 days equal for all share holders.
1.15 million repaid
2 million CR with all shareholders participating equally and fairly.
1.05 million to lind which they will get at bare minimum anyway.
First sales sp boost
CN and dilution finalized
Pembroke assays sp boost
LIND pump
And end of quarter solid sales to sustain the pump.
Something along those lines.
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