simple...you want to build a gold mine , so you go to the bank. They say " have you proven up enough ounces with 90% confidence to pay back the loan?"
You say " I probably have enough ounces to pay back the loan, with a confidence level between 50 and 90%"
They tell you to go to the equity markets
simple...you want to build a gold mine , so you go to the bank....
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